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1998 SESSION

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HB 38 Tax on hunting, fishing and wildlife equipment.

Introduced by: A. Victor Thomas | all patrons    ...    notes | add to my profiles

SUMMARY:

Dedication of tax on outdoor equipment. Dedicates, beginning July 1, 2000, two percent of the proceeds from the state sales and use tax on hunting, fishing and wildlife-watching equipment to the Department of Game and Inland Fisheries' Game Protection Fund, up to an annual amount of $13 million. The amount that will be deposited in the Fund will be based on the most recent equipment sales figures reported in the "National Survey of Fishing, Hunting, and Wildlife-Associated Recreation" for Virginia. The bill specifies that a portion of the dedicated revenue has to be used to defray the cost of law enforcement. A special, nonreverting fund, the Capital Improvement Fund, is also created to be used to purchase, construct, maintain, or repair the capital assets of the Department of Game and Inland Fisheries. No deposits will be made to the Capital Improvement Fund at any time the balance in this fund exceeds $35 million. The Board of Game and Inland Fisheries is authorized to transfer up to 50 percent of the dedicated sales tax revenue from the Game Protection Fund to the Capital Improvement Fund to finance the agency's capital needs.


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