Constitutional amendment; limit on taxes or revenues and Revenue Stabilization Fund. (SJ81)
Introduced By
Sen. George Barker (D-Alexandria)
Progress
√ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Constitutional amendment (second 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
03/08/2010: Passed the General Assembly
View Bill's History
