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2010 SESSION

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HB 765 Communications sales & use tax; net revenue distributed according to each locality's pro rata.

Introduced by: Lynwood W. Lewis, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Communications sales and use tax; distribution formula for Accomack and Northampton Counties.   Provides that Accomack County and Northampton County receive monthly distributions of the communications sales and use tax equal to the distributions they would receive if the Auditor of Public Accounts had certified that they had received $1,111,376 and $549,025 respectively, of telecommunications and television cable funds in Fiscal Year 2006.  The bill also permits the Tax Commissioner to make administrative adjustments to any locality's allocation of such revenues in certain circumstances, up to a maximum of $100,000.


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