1998 Session

Budget Bill - HB30 (Introduced)

View Item amendments

Central Appropriations

Item 554

Item 554

First Year - FY1999Second Year - FY2000
Personal Property Tax Relief Program (74600)$100,000,000$160,000,000
Fund Sources:  
GeneralFY1999 $100,000,000FY2000 $160,000,000

Discretionary Inclusion.

A. This appropriation shall be paid into a Personal Property Tax Relief Fund. Distribution from this fund shall be used to provide personal property tax relief on motor vehicles contingent upon passage of legislation by the 1998 Session of the General Assembly.

B. The general fund revenues available for appropriation listed in Enactment No. 2 of this act include the following tax reductions, contingent upon the enactment of legislation for that purpose by the 1998 Session of the General Assembly.

FY 1999 FY 2000

Higher Education Tuition Trust Fund Tax Credit

$2,480,579 $2,920,460

Recycling Credit

$500,000 $500,000

Retaliatory Tax Credit

$2,500,000 $2,500,000

Enterprise Zone Pool Size

$7,400,000 $10,200,000

Historic Rehabilitation Tax Credit

$500,000 $900,000


$13,380,579 $17,020,460