DE HB451 | 2017-2018 | 149th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on September 13 2018 - 100% progression
Action: 2018-09-13 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on September 13 2018 - 100% progression
Action: 2018-09-13 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Summary
This Act stabilizes revenue for the Hazardous Substances Cleanup Act ("HSCA") Fund ("the Fund") by minimizing the wide swings in revenue due to oil prices changes. Under this Act, the Department of Natural Resources and Environmental Control ("the Department") is prevented from receiving a revenue windfall when oil prices rise, while minimum funding for the Brownfields Grant Program is protected when oil prices are low. The legislation ties HSCA funding to a median benchmark and authorizes the Division of Revenue to adjust the tax rate up or down for the following year to smooth the revenue stream and avoid the roller coaster effect of oil price changes.
Title
An Act To Amend Title 7 Relating To The Hazardous Substance Cleanup Act.
Sponsors
Roll Calls
2018-07-01 - Senate - Senate Third Reading (Y: 13 N: 8 NV: 0 Abs: 0) [PASS]
2018-06-26 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
2018-06-26 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2018-09-13 | Signed by Governor | |
2018-07-01 | Passed By Senate. Votes: 13 YES 8 NO | |
2018-07-01 | Lifted From Table in Senate | |
2018-06-30 | Laid On Table in Senate | |
2018-06-26 | Assigned to Environmental, Natural Resources & Energy Committee in Senate | |
2018-06-26 | Passed By House. Votes: 40 YES 1 ABSENT | |
2018-06-26 | Amendment HA 1 to HB 451 - Passed In House by Voice Vote | |
2018-06-26 | Amendment HA 1 to HB 451 - Introduced and Placed With Bill | |
2018-06-20 | Reported Out of Committee (Sunset Committee (Policy Analysis & Government Accountability)) in House with 4 On Its Merits | |
2018-06-12 | Introduced and Assigned to Sunset Committee (Policy Analysis & Government Accountability) Committee in House |