Department of Accounts Transfer Payments (162)
| Request Title | Redirect Funding to General Assembly Tax Relief Package (255 #1c) |
| Biennium | 2024-2026 |
| Budget Round | Amended Bill |
| Half Sheet Number | 255 #1c |
Description
|
This amendment redirects the $1.1 billion from the general fund included in the introduced budget pursuant for the Governor's proposal to provide an income tax credit for car tax payments to support the General Assembly Tax reduction package which includes a one-time tax rebate for all Virginian's who pay income tax, an expansion in the earned income tax credit and an adjustment in the standard deduction. |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 746 | Personal Property Tax Relief Program | ($1,103,000,000) | $0 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($1,103,000,000) | $0 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-20-2025 23:54:09
