2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Stuart
Increase Recordation Tax Distribution to Counties and Cities (SB 1161)

Item 266 #6s

Item 266 #6s

First Year - FY2023 Second Year - FY2024
Department of Accounts Transfer Payments FY2023 $0 FY2024 $40,000,000 GF

Page 302, line 3, strike "$585,380,000" and insert "$625,380,000".

Page 302, after line 55, insert:

"2. Out of this appropriation, amounts estimated at $40,000,000 the second year from the general fund shall be distributed to counties and cities, pursuant to the provisions of § 58.1-816B.(ii), Code of Virginia."

Page 303, line 1, strike "2" and insert "3".


(This amendment provides $40.0 million GF the second year for the recordation tax distributions to localities, consistent with the provisions of Senate Bill 1161.)