Taxpayer Surplus Relief Fund; established to provide tax relief. (HB1357)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Department of the Treasury; excess funds in the Revenue Stabilization Fund. Establishes a mechanism to provide tax relief to Virginia taxpayers when the Auditor of Public Accounts determines the Revenue Stabilization Fund has reached its maximum size as provided in the Constitution of Virginia. The excess funds will be deposited in a special nonreverting fund titled the "Virginia Taxpayer Surplus Relief Fund" to be used by the next session of the General Assembly to provide tax relief to Virginia taxpayers. Read the Bill »
Status
02/04/2008: Merged into HB1318
History
Date | Action |
---|---|
01/09/2008 | Committee |
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 088443464 |
01/09/2008 | Referred to Committee on Finance |
01/17/2008 | Assigned Finance sub: 3 |
01/22/2008 | Impact statement from DPB (HB1357) |
02/04/2008 | Incorporated by Finance (HB1318-O'Bannon) |