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

Bill Has Failed

History

DateAction
12/22/2006Prefiled and ordered printed; offered 01/10/07 078899700
12/22/2006Referred to Committee on Rules
02/02/2007Committee substitute printed 072665700-S1
02/05/2007Reading waived (39-Y 0-N)
02/05/2007VOTE: (39-Y 0-N) (see vote tally)
02/06/2007Read second time
02/06/2007Reading of substitute waived
02/06/2007Committee substitute agreed to 072665700-S1
02/06/2007Engrossed by Senate - committee substitute SJ326S1
02/06/2007Reading waived (38-Y 0-N)
02/06/2007VOTE: (38-Y 0-N) (see vote tally)
02/06/2007Agreed to by Senate by voice vote
02/06/2007Communicated to House
02/08/2007Placed on Calendar
02/08/2007Referred to Committee on Rules
02/16/2007Passed by for the day
02/19/2007Passed by for the day
02/20/2007Passed by for the day
02/21/2007Passed by for the day
02/22/2007Taken up
02/22/2007Rejected by House (62-Y 36-N)
02/22/2007VOTE: REJECTED (62-Y 36-N) (see vote tally)
02/22/2007Requires 2/3 affirmative votes for passage
02/22/2007Reconsideration of defeated action agreed to by House
02/22/2007Passed by temporarily
02/22/2007Rejected by House (45-Y 54-N)
02/22/2007VOTE: REJECTED #2 (45-Y 54-N) (see vote tally)