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2025 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Pekarsky
Surplus Line Broker VRE (language only)

Item 0 #6s

Item 0 #6s

Revenues
Revenues

Language

Page 1, line 40, strike "$31,406,549,381" and insert "$31,406,449,381".

Page 1, line 40, strike "$62,054,985,843" and insert "$62,054,885,843".



Explanation

(This amendment reduces general fund revenue by $100,000 the second year for legislation that provides that any surplus lines broker or any person required to be licensed as one shall not be subject to the annual taxes, license taxes, or penalties under current law for any policy of insurance procured during the preceding calendar year on behalf of a commuter rail system jointly operated by the Northern Virginia Transportation Commission and the Potomac and Rappahannock Transportation District.)