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2006 SPECIAL SESSION I

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HB 5030 Retail Sales and Use Tax; revenue from certain localities be dedicated to WMATA.

Introduced by: Jeffrey M. Frederick | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax; dedicate portion of state's general fund share to WMATA.  Requires that 0.25% of the Commonwealth's share of the state sales and use tax on sales from the Counties of Arlington and Fairfax, and the Cities of Alexandria, Fairfax, and Falls Church, be dedicated for use by the Washington Metropolitan Area Transit Authority (WMATA), as may be provided by federal law for the payment of certain federal funds to WMATA and only at such time as the federal law is enacted.  The bill will be effective July 1, 2007.


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