HB1318: Taxpayer Surplus Relief Fund; established to provide tax relief.
Chief Patron
Del.
John O'Bannon (R-73)

John O'Bannon
(R-73)
Richmond, VA
Served: 2001–
Progress
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Introduced |
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Passed Committee |
 |
Passed House |
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Passed Senate |
 |
Signed by Governor |
 |
Became Law |
Status
02/27/2008: Failed to Pass in Committee
View Entire History
- 01/09/2008 Committee
- 01/09/2008 Prefiled and ordered printed; offered 01/09/08 082208664
- 01/09/2008 Referred to Committee on Finance
- 01/17/2008 Assigned Finance sub: 3
- 01/18/2008 Impact statement from DPB (HB1318)
- 02/04/2008 Committee substitute printed 081921664-H1
- 02/04/2008 Reported from Finance with substitute (21-Y 0-N) (see vote tally)
- 02/05/2008 Read first time
- 02/06/2008 Substitute by Delegate Armstrong offered
- 02/06/2008 Line amendment to committee substitute offered by Delegate Armstrong
- 02/06/2008 Motion to pass by amendment offered by Delegate Armstrong agrd to (54-Y 43-N)
- 02/06/2008 Read second time
- 02/06/2008 Floor substitute printed 081925416-H2 (Ward Armstrong)
- 02/06/2008 Substitute by Delegate Armstrong offered 081925416-H2
- 02/06/2008 No action taken on floor substitute (Armstrong)
- 02/06/2008 Committee substitute agreed to 081921664-H1
- 02/06/2008 Amendment by Delegate Armstrong offered
- 02/06/2008 Motion to pass by amendment offered by Delegate Armstrong agreed to (54-Y 43-N)
- 02/06/2008 VOTE: --- AGREE TO MOTION (54-Y 43-N) (see vote tally)
- 02/06/2008 Amendment by Delegate Armstrong passed by
- 02/06/2008 Engrossed by House - committee substitute HB1318H1
- 02/07/2008 Read third time and passed House (99-Y 0-N)
- 02/07/2008 VOTE: --- PASSAGE (99-Y 0-N) (see vote tally)
- 02/07/2008 Communicated to Senate
- 02/08/2008 Constitutional reading dispensed
- 02/08/2008 Referred to Committee on Finance
- 02/27/2008 Continued to 2009 in Finance (16-Y 0-N) (see vote tally)
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 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 Virginia taxpayers.
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Video
Votes were cast on this bill on the following dates for which Richmond Sunlight
has video: 01/09/2008, 01/09/2008, 01/17/2008, 02/04/2008, 02/04/2008, 02/05/2008, 02/06/2008, 02/06/2008, 02/07/2008, 02/07/2008, 02/08/2008 and 02/08/2008.
Poll Results
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