Constitutional amendment; limit on taxes or revenues and Revenue Stabilization Fund. (HJ647)
Introduced By
Del. John O'Bannon (R-Richmond)
Progress
√ |
Introduced |
√ |
Passed Committee |
√ |
Passed House |
√ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Constitutional amendment (first resolution); limit on taxes or revenues and the Revenue Stabilization Fund. Increases the permissible size of the Fund by 50 percent; i.e., from 10 percent to 15 percent of the Commonwealth's average annual tax revenues derived from income and sales taxes for the preceding three fiscal years. View Full Text »
Status
03/11/2009: Passed the General Assembly
View Bill's History
