Taxpayer Surplus Relief Fund; established to provide tax relief. (HB1318)
Introduced By
Del. John O'Bannon (R-Richmond) with support from 24 copatrons, whose average partisan position is:
Those copatrons are Del. Clay Athey (R-Front Royal), Del. Rob Bell (R-Charlottesville), Del. Kathy Byron (R-Lynchburg), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Anne Crockett-Stark (R-Wytheville), Del. Jeff Frederick (R-Woodbridge), Del. Tom Gear (R-Hampton), Del. Todd Gilbert (R-Woodstock), Del. Riley Ingram (R-Hopewell), Del. Bill Janis (R-Glen Allen), Del. Steve Landes (R-Weyers Cave), Del. Scott Lingamfelter (R-Woodbridge), Del. Manoli Loupassi (R-Richmond), Del. Jimmie Massie (R-Richmond), Del. Sam Nixon (R-Richmond), Del. Chris Peace (R-Mechanicsville), Del. Tom Rust (R-Herndon), Del. Ed Scott (R-Culpeper), Del. Beverly Sherwood (R-Winchester), Del. Lee Ware (R-Powhatan), Del. Tommy Wright (R-Victoria), Sen. Bill Carrico (R-Grayson), Sen. John Cosgrove (R-Chesapeake)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 must equal at least $50 million and will be deposited in a special nonreverting fund titled the Virginia Taxpayer Surplus Relief Fund and must be used by the next session of the General Assembly to provide tax relief to Virginia taxpayers. This bill incorporates HB 1357. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 082208664 |
01/09/2008 | Referred to Committee on Finance |
01/17/2008 | Assigned Finance sub: 3 |
01/18/2008 | Impact statement from DPB (HB1318) |
02/04/2008 | Committee substitute printed 081921664-H1 |
02/04/2008 | Reported from Finance with substitute (21-Y 0-N) (see vote tally) |
02/05/2008 | Read first time |
02/06/2008 | Read second time |
02/06/2008 | Floor substitute printed 081925416-H2 (Ward Armstrong) |
02/06/2008 | Substitute by Delegate Armstrong offered 081925416-H2 |
02/06/2008 | No action taken on floor substitute (Armstrong) |
02/06/2008 | Committee substitute agreed to 081921664-H1 |
02/06/2008 | Amendment by Delegate Armstrong offered |
02/06/2008 | Motion to pass by amendment offered by Delegate Armstrong agreed to (54-Y 43-N) |
02/06/2008 | VOTE: --- AGREE TO MOTION (54-Y 43-N) (see vote tally) |
02/06/2008 | Amendment by Delegate Armstrong passed by |
02/06/2008 | Engrossed by House - committee substitute HB1318H1 |
02/07/2008 | Read third time and passed House (99-Y 0-N) |
02/07/2008 | VOTE: --- PASSAGE (99-Y 0-N) (see vote tally) |
02/07/2008 | Communicated to Senate |
02/08/2008 | Constitutional reading dispensed |
02/08/2008 | Referred to Committee on Finance |
02/27/2008 | Continued to 2009 in Finance (16-Y 0-N) (see vote tally) |
12/05/2008 | Left in Finance |