Legislation; prohibits any committee of General Assembly from reporting new state tax credit, etc. (HB246)

Introduced By

Del. Ben Cline (R-Amherst) with support from 8 copatrons, whose average partisan position is:

Those copatrons are Del. Bob Brink (D-Arlington), Del. Mark Cole (R-Fredericksburg), Del. David Englin (D-Alexandria), Del. Mark Keam (D-Vienna), Del. Steve Landes (R-Weyers Cave), Del. Chris Peace (R-Mechanicsville), Sen. Jennifer McClellan (D-Richmond), Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Sunset provisions on state tax credits and estimates of revenue loss by state Tax Commissioner.  Prohibits any committee of the General Assembly from reporting a new state tax credit or renewing an existing state tax credit unless such bill contains an expiration date of not longer than five years from the effective date of the new or renewed state tax credit. Requires the State Tax Commissioner to report annually the estimated revenue loss of each state tax credit that is scheduled to expire in the next two calendar years.

Outcome

Bill Has Passed

History

DateAction
01/10/2012Prefiled and ordered printed; offered 01/11/12 12102590D
01/10/2012Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #1
01/27/2012Impact statement from TAX (HB246)
02/01/2012Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
02/06/2012Reported from Finance with amendments (22-Y 0-N) (see vote tally)
02/07/2012Read first time
02/08/2012Read second time
02/08/2012Committee amendments agreed to
02/08/2012Engrossed by House as amended HB246E
02/08/2012Printed as engrossed 12102590D-E
02/09/2012Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/09/2012VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2012Constitutional reading dispensed
02/10/2012Referred to Committee on Finance
02/20/2012Impact statement from TAX (HB246E)
02/21/2012Reported from Finance (15-Y 0-N) (see vote tally)
02/22/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/23/2012Read third time
02/23/2012Passed Senate (40-Y 0-N) (see vote tally)
02/28/2012Enrolled
02/28/2012Bill text as passed House and Senate (HB246ER)
02/28/2012Impact statement from TAX (HB246ER)
02/28/2012Signed by Speaker
02/29/2012Signed by President
03/20/2012G Approved by Governor-Chapter 265 (effective 7/1/12)
03/20/2012G Acts of Assembly Chapter text (CHAP0265)

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 40 seconds.

Comments

ron skinner writes:

very good idea!