Virginia Senate Bill 1521 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on February 25 2023 - 100% progression
Action: 2023-02-25 - Failed to pass in Senate
Text: Latest bill text (Comm Sub) [HTML]

Revenue reserves and budgetary amendments. Increases the maximum combined amount in the Revenue Stabilization Fund and the Revenue Reserve Fund from 15 percent to 20 percent of the Commonwealth's average annual tax revenues derived from taxes on income and retail sales for the preceding three years. The bill also increases from five percent to eight percent the estimated amount of general fund revenues that exceed the actual general fund revenues for the immediately preceding fiscal year to trigger additional deposits to the Revenue Stabilization Fund that shall be included in the Governor's budget recommendations. Revenue reserves and budgetary amendments. Increases the maximum combined amount in the Revenue Stabilization Fund and the Revenue Reserve Fund from 15 percent to 20 percent of the Commonwealth's average annual tax revenues derived from taxes on income and retail sales for the preceding three years. The bill also increases from five percent to eight percent the estimated amount of general fund revenues that exceed the actual general fund revenues for the immediately preceding fiscal year to trigger additional deposits to the Revenue Stabilization Fund that shall be included in the Governor's budget recommendations.

Revenue reserves; deposits, withdrawals, and budgetary amendments.

Sen. George Barker [D]

2023-02-22 - Senate - Senate: Senate acceded to request (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-20 - Senate - Senate: House substitute rejected by Senate (0-Y 40-N) (Y: 0 N: 40 NV: 0 Abs: 0) [FAIL]
2023-02-16 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-13 - House - House: Reported from Appropriations with substitute (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-31 - Senate - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-02-25	Senate	Failed to pass in Senate
2023-02-25	Senate	No further action taken
2023-02-23	House	Delegates: Knight, Austin, Torian
2023-02-23	House	Conferees appointed by House
2023-02-22	Senate	Senators: Barker, Locke, Norment
2023-02-22	Senate	Conferees appointed by Senate
2023-02-22	Senate	Senate acceded to request (40-Y 0-N)
2023-02-21	House	House requested conference committee
2023-02-21	House	House insisted on substitute
2023-02-20	Senate	House substitute rejected by Senate (0-Y 40-N)
2023-02-16	House	VOTE: Block Vote Passage (99-Y 0-N)
2023-02-16	House	Passed House with substitute BLOCK VOTE (99-Y 0-N)
2023-02-16	House	Engrossed by House - committee substitute SB1521H1
2023-02-16	House	Committee substitute agreed to 23106648D-H1
2023-02-16	House	Read third time
2023-02-15	House	Read second time
2023-02-13	House	Committee substitute printed 23106648D-H1
2023-02-13	House	Reported from Appropriations with substitute (21-Y 0-N)
2023-02-13	House	Assigned App. sub: General Government and Capital Outlay
2023-02-13	House	Referred to Committee on Appropriations
2023-02-13	House	Read first time
2023-02-13	House	Placed on Calendar
2023-02-02	Senate	Passed Senate (40-Y 0-N)
2023-02-02	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-02-02	Senate	Engrossed by Senate - committee substitute SB1521S1
2023-02-02	Senate	Committee substitute agreed to 23105268D-S1
2023-02-02	Senate	Reading of substitute waived
2023-02-02	Senate	Read second time
2023-02-01	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-01-31	Senate	Committee substitute printed 23105268D-S1
2023-01-31	Senate	Reported from Finance and Appropriations with substitute (15-Y 0-N)
2023-01-20	Senate	Referred to Committee on Finance and Appropriations
2023-01-20	Senate	Presented and ordered printed 23102481D

Chapter	Article	Section	Citation Type	Statute Text
2	2	1829	(n/a)	See Bill Text
2	2	1831.3	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1521
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1521+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1521S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1521H1+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23105268D.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1521F122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1521FS1122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1521FH1122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0126+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0193SB1521+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0209SB1521+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0210SB1521+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0182+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1919+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0601SB1521+SB1521
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0789SB1521+SB1521