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2005 SESSION

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SB 1325 Transportation funds; to used for improvement of road, license tax deposited in Prior. Transp. Fund.

Introduced by: John H. Chichester | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation. Beginning with the 2006-2007 fiscal year dedicates all revenues from the insurance license tax on automobile premiums to the Priority Transportation Fund. The bill repeals the dedication of one-third of the revenues from the license tax on insurance companies to the Priority Transportation Fund effective July 1, 2005.

The bill also provides that all moneys in the Commonwealth Transportation Fund, Transportation Trust Fund, and the Highway Maintenance and Operating Fund shall be used for transportation-related purposes and that moneys designated for deposit into the general fund shall not be used for transportation with limited exceptions.

FULL TEXT

• 01/21/05  Senate: Presented & ordered printed 052973712  pdf

HISTORY

• 01/21/05  Senate: Presented & ordered printed 052973712
• 01/21/05  Senate: Referred to Committee on Finance
• 02/02/05  Senate: Incorporated by Fin. (SB1324-Saslaw) (15-Y 0-N)