VA HB594 | 2010 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Excess funds in the Revenue Stabilization Fund. Establishes a mechanism to provide tax relief to Virginia taxpayers when the Auditor of Public Accounts determines the Revenue Stabilization Fund has reached its maximum size as provided in the Constitution of Virginia. The excess funds must equal at least $50 million and will be deposited in a special nonreverting fund titled the Virginia Taxpayer Surplus Relief Fund and must be used by the next session of the General Assembly to provide tax relief to low- and middle-income taxpayers throughout the Commonwealth.
Title
Revenue Stabilization Fund; establishes a mechanism to provide tax relief to taxpayers.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2010-02-16 | House: Left in Appropriations | |
2010-02-02 | House: Subcommittee recommends laying on the table by voice vote | |
2010-01-19 | House: Assigned App. sub: Technology Oversight and Government Activities | |
2010-01-12 | House: Referred to Committee on Appropriations | |
2010-01-12 | House: Prefiled and ordered printed; offered 01/13/10 10100689D |
Code Citations
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+HB594 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+HB594+hil |