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]

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.

Tracking Information

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Title

Revenue Stabilization Fund; establishes a mechanism to provide tax relief to taxpayers.

Sponsors


History

DateChamberAction
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

ChapterArticleSectionCitation TypeStatute Text
221829(n/a)See Bill Text

Virginia State Sources


Bill Comments

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