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1998 SESSION

• | print version

SB 278 Sales and use tax; disposition of revenues.

Introduced by: Jane H. Woods | all patrons    ...    notes | add to my profiles

SUMMARY:

Sales and use tax; disposition of revenues. Provides for a different distribution for the portions of the Commonwealth Mass Transit Fund which are designated for Metro and pertains only to the Northern Virginia Transportation Commission localities. Ten percent of the funds shall be credited to certain localities based on population. The remaining funds are apportioned according to an already existing formula based on capital and operating costs and capital and operating subsidies. Such costs and subsidies include those associated with the Washington Metropolitan Area Transit Authority (WMATA), the local bus systems, and the local share of expenses related to the Virginia Railway Express. From each locality's allocated share of funds, the localities' shares of payments for WMATA rail transit bonds shall be paid first.

FULL TEXT

• 01/19/98  Senate: Presented & ordered printed 988586661  pdf

HISTORY

• 01/19/98  Senate: Presented & ordered printed 988586661
• 01/19/98  Senate: Referred to Committee on Finance
• 02/25/98  Senate: Left in Finance