HB1032: Tax bills; sunset provisions.

HB1032

HOUSE BILL NO. 1032 Offered January 11, 2012 Prefiled January 11, 2012 A BILL to amend the Code of Virginia by adding a section numbered 30-19.1:11, relating to sunset provisions on certain tax bills. ---------- Patron-- Englin ---------- Committee Referral Pending ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 30-19.1:11 as follows:

§ 30-19.1:11. Legislation to establish or increase reductions in tax liability.

No bill proposing to establish, increase, or expand a state or local tax exemption, credit, deduction, or any other reduction in tax liability other than an increase in the rate of the tax shall be reported from any committee of the General Assembly unless such bill contains an expiration date of not longer than five years from the effective date of the bill.

Explanation

For a plain English description of this bill, comments, voting, tagging, etc., return to the main page for HB1032.

This is the actual text of the bill—the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books, but sometimes it’s proposing an entirely new law.

Words that are highlighted in yellow are proposed additions to the existing law, and words that are ~~crossed out in red~~ are proposed to be removed from the existing law.

The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state’s website.