VA SB451 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-06 - Continued to 2025 in Finance and Appropriations (15-Y 0-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia state parks and (ii) the conservation, development, maintenance, and operations of state parks acquired or held by the Department of Conservation and Recreation as provided in the appropriation act. The bill provides that such distribution shall not reduce the total amount of annual appropriations for the Department and the Fund below the total amounts appropriated for the most recent fiscal year ending before July 1, 2024, except as provided by a subsequent appropriation act.

Tracking Information

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Title

Income tax, corporate; distribution of revenues to state parks.

Sponsors


Roll Calls

2024-02-06 - Senate - Senate: Continued to 2025 in Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2024-02-06SenateContinued to 2025 in Finance and Appropriations (15-Y 0-N)
2024-01-09SenateReferred to Committee on Finance and Appropriations
2024-01-09SenatePrefiled and ordered printed; offered 01/10/24 24100153D

Same As/Similar To

HB660 (Similar To) 2024-02-13 - Left in Finance

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
101202(n/a)See Bill Text
581400.01(n/a)See Bill Text

Virginia State Sources


Bill Comments

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