Item 554 | First Year - FY1999 | Second Year - FY2000 |
|---|
|
|
| Personal Property Tax Relief Program (74600) | $100,000,000 | $160,000,000 |
| Fund Sources: | | |
| General | FY1999 $100,000,000 | FY2000 $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 |
| Total | $13,380,579 | $17,020,460 |