Constitutional amendment; limit on taxes or revenues and Revenue Stabilization Fund. (SB362)

Introduced By

Sen. George Barker (D-Alexandria)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Constitutional amendment (voter referendum); limit on taxes or revenues and the Revenue Stabilization Fund.  Provides for a referendum at the November 2010 election on the approval of a proposed constitutional amendment relating to the limit on the size of the Revenue Stabilization Fund. The proposed amendment increases the permissible size of the Fund by 50 percent; i.e., from 10 percent to 15 percent of the Commonwealth's average annual tax revenues derived from income and sales taxes for the preceding three fiscal years. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102586D
01/12/2010Referred to Committee on Privileges and Elections
01/25/2010Assigned to P&E sub: Constitutional Amendments, Reapportionment, Referenda
01/26/2010Reported from Privileges and Elections (15-Y 0-N) (see vote tally)
01/26/2010Rereferred to Finance
02/02/2010Reported from Finance (15-Y 0-N) (see vote tally)
02/03/2010Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/04/2010Read second time and engrossed
02/08/2010Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/15/2010Impact statement from DPB (SB362)
02/16/2010Placed on Calendar
02/16/2010Read first time
02/16/2010Referred to Committee on Privileges and Elections
02/17/2010Assigned P & E sub: #1 Constitutional
02/22/2010Subcommittee recommends reporting (5-Y 0-N)
02/26/2010Reported from Privileges and Elections (20-Y 0-N) (see vote tally)
03/01/2010Read second time
03/02/2010Read third time
03/02/2010Passed House BLOCK VOTE (99-Y 0-N)
03/02/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/10/2010Enrolled
03/10/2010Bill text as passed Senate and House (SB362ER)
03/10/2010Signed by Speaker
03/11/2010Impact statement from DPB (SB362ER)
03/12/2010Signed by President
03/18/2010Impact statement from DPB (SB362ER)
04/11/2010G Approved by Governor-Chapter 606 (effective 7/1/10)
04/11/2010G Approved by Governor-Chapter 606 (effective - see bill)
04/11/2010G Acts of Assembly Chapter text (CHAP0606)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 35 seconds.

Duplicate Bills

The following bills are identical to this one: HB147.