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Department of Taxation (161)
| 275. | Administrative and Support Services (79900) | 31,140,779 | 31,099,652
| | | 31,191,392 | 34,459,557
| | | | |
| | General Management and Direction (79901) | 6,782,512 | 6,891,385
| | Information Technology Services (79902) | 24,358,267 | 24,208,267
| | | 24,408,880 | 27,568,172
| | | | |
| | Fund Sources: | General | 31,090,779 | 31,049,652
| | | 31,141,392 | 34,409,557
| | Special | 50,000 | 50,000
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Authority: §§ 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 local income tax and/or sales and use tax
modification or
other state or local tax imposed pursuant to House Bill 2313 (2013). The
Department shall not incur such costs unless a locality(ies) takes action to
put the tax options on a referendum. The treasury loan shall be repaid for
these costs from the local income tax and/or sales and use tax revenues.
The Department shall also retain sufficient revenues to recover its costs
incurred administering these taxes.
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