LIS > Budget Bill > Item 275 > 2014 Special Session I

Department of Taxation (161)

275.	Administrative and Support Services (79900)	31,191,392	34,459,557

	General Management and Direction (79901)	6,782,512	6,891,385
	Information Technology Services (79902)	24,408,880	27,568,172

Fund Sources:	General	31,141,392	34,409,557
	Special	50,000	50,000

Authority: งง 58.1-200, 58.1-202, and 58.1-213, Code of Virginia.

A. To defray the costs of administration for voluntary contributions made on individual income tax returns for taxable years beginning on or after January 1, 2003, the Department of Taxation may retain up to five percent of the contributions made to each organization, not to exceed a total of $50,000 from all organizations in any taxable year.

B. The Department is hereby authorized to request and receive a treasury loan to fund the necessary start-up costs associated with the implementation of a sales and use tax modification or other state or local tax imposed pursuant to House Bill 2313 (2013). The treasury loan shall be repaid for these costs from the tax revenues. The Department shall also retain sufficient revenues to recover its costs incurred administering these taxes.

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