Consumption of goods and services; joint subcommittee to study viability of fair tax thereon. (SJ326)
Introduced By
Sen. Brandon Bell (R-Roanoke) with support from co-patrons Sen. Ryan McDougle (R-Mechanicsville), Sen. Fred Quayle (R-Suffolk), and Sen. Walter Stosch (R-Glen Allen)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
Description
Study; flat tax; report. Establishes a joint subcommittee to study the viability of a flat tax on the consumption of goods and services as an alternative tax system. During its two-year study, the joint subcommittee will (i) explore the revenue that could be generated from a flat tax on the consumption of goods and services, (ii) determine the amount of revenue that is currently generated from state and local general fund taxes, (iii) estimate the rate of a flat tax that would need to be imposed on the consumption of goods and services to generate approximately the same amount of revenue that is currently generated from state and local general fund taxes, (iv) study other issues relating to the adoption of a flat tax including the distribution of revenues, and (v) determine the viability of a flat tax on the consumption of goods and services as a replacement for current state and local general fund taxes. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/22/2006 | Prefiled and ordered printed; offered 01/10/07 078899700 |
12/22/2006 | Referred to Committee on Rules |
02/02/2007 | Committee substitute printed 072665700-S1 |
02/05/2007 | Reading waived (39-Y 0-N) |
02/05/2007 | VOTE: (39-Y 0-N) (see vote tally) |
02/06/2007 | Read second time |
02/06/2007 | Reading of substitute waived |
02/06/2007 | Committee substitute agreed to 072665700-S1 |
02/06/2007 | Engrossed by Senate - committee substitute SJ326S1 |
02/06/2007 | Reading waived (38-Y 0-N) |
02/06/2007 | VOTE: (38-Y 0-N) (see vote tally) |
02/06/2007 | Agreed to by Senate by voice vote |
02/06/2007 | Communicated to House |
02/08/2007 | Placed on Calendar |
02/08/2007 | Referred to Committee on Rules |
02/16/2007 | Passed by for the day |
02/19/2007 | Passed by for the day |
02/20/2007 | Passed by for the day |
02/21/2007 | Passed by for the day |
02/22/2007 | Taken up |
02/22/2007 | Rejected by House (62-Y 36-N) |
02/22/2007 | VOTE: REJECTED (62-Y 36-N) (see vote tally) |
02/22/2007 | Requires 2/3 affirmative votes for passage |
02/22/2007 | Reconsideration of defeated action agreed to by House |
02/22/2007 | Passed by temporarily |
02/22/2007 | Rejected by House (45-Y 54-N) |
02/22/2007 | VOTE: REJECTED #2 (45-Y 54-N) (see vote tally) |