Bill Text: VA HB913 | 2018 | Regular Session | Prefiled
Bill Title: General Assembly Conflicts of Interests Act; disclosure of tax credits.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2018-02-15 - Left in Courts of Justice [HB913 Detail]
Download: Virginia-2018-HB913-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 30-110.2 as follows:
§30-110.2. Report of tax credits.
Every legislator shall report on the disclosure form prescribed in §30-111 any tax credit claimed under the Code of Virginia for an amount of $1,000 or more during the previous tax year as defined in §58.1-1 by (i) the legislator, (ii) a member of his immediate family, (iii) a business owned by the legislator or a member of his immediate family, or (iv) a business in which the legislator or a member of his immediate family owns or controls an interest valued in excess of $5,000. A legislator does not have to report any tax credits claimed pursuant to §58.1-332, 58.1-332.1, 58.1-339.6, 58.1-339.7, or 58.1-339.8.
2. That the provisions of this act may result in a net increase in periods of imprisonment or commitment. Pursuant to §30-19.1:4, the estimated amount of the necessary appropriation cannot be determined for periods of imprisonment in state adult correctional facilities; therefore, Chapter 836 of the Acts of Assembly of 2017 requires the Virginia Criminal Sentencing Commission to assign a minimum fiscal impact of $50,000. Pursuant to §30-19.1:4, the estimated amount of the necessary appropriation is $0 for periods of commitment to the custody of the Department of Juvenile Justice.
