Sec. 13b-61b. Deposits of revenues from sales of motor vehicles taxable under section 12-431.
Sec. 13b-61b. Deposits of revenues from sales of motor vehicles taxable under
section 12-431. Notwithstanding the provisions of section 13b-61, the Commissioner
of Motor Vehicles shall deposit into the Special Transportation Fund established under
section 13b-68, funds received by the state from the tax imposed under section 12-431 attributable to motor vehicles under said section 12-431, in accordance with the
following schedule: (1) Ten million dollars of the amount received by the state for the
fiscal year ending June 30, 2000; and (2) for the fiscal year ending June 30, 2001, and
each fiscal year thereafter, the total amount of funds received by the state from the tax
imposed under section 12-431 attributable to motor vehicles under said section 12-431.
Such funds shall be deposited into the Special Transportation Fund on a monthly basis.
(P.A. 98-128, S. 2, 10; P.A. 00-170, S. 12, 42.)
History: P.A. 98-128 effective July 1, 1998; P.A. 00-170 deleted former Subdivs. (2) to (4), inclusive, and added new
Subdiv. (2) providing for monthly deposit into the Special Transportation Fund of all revenues from sales of motor vehicles
for the fiscal year ending June 30, 2001, and each fiscal year thereafter, effective July 1, 2000, and applicable to sales
occurring on or after that date.