Taxes, local; surplus revenues. (SB12)

Introduced By

Sen. David Suetterlein (R-Salem) with support from co-patron Del. Joe McNamara (R-Roanoke)

Progress

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

Description

Local taxes; surplus revenues. Grants localities permissive authority to return surplus personal property tax revenues to taxpayers. Under current law, localities may return only surplus real property tax revenues. This bill is identical to HB 267. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/08/2021Prefiled and ordered printed; offered 01/12/22 22101319D
12/08/2021Referred to Committee on Finance and Appropriations
01/20/2022Impact statement from TAX (SB12)
02/01/2022Reported from Finance and Appropriations (16-Y 0-N) (see vote tally)
02/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2022Read second time and engrossed
02/04/2022Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/21/2022Placed on Calendar
02/21/2022Read first time
02/21/2022Referred to Committee on Counties, Cities and Towns
02/25/2022Reported from Counties, Cities and Towns (22-Y 0-N) (see vote tally)
03/01/2022Read second time
03/02/2022Read third time
03/02/2022Passed House BLOCK VOTE (100-Y 0-N)
03/02/2022VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
03/07/2022Enrolled
03/07/2022Bill text as passed Senate and House (SB12ER)
03/07/2022Impact statement from TAX (SB12ER)
03/08/2022Signed by President
03/08/2022Signed by Speaker
03/22/2022Enrolled Bill Communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/07/2022G Approved by Governor-Chapter 166 (effective 7/1/22)
04/07/2022G Acts of Assembly Chapter text (CHAP0166)

Comments

Michael Albin writes:

If passed, this law would revolutionize tax rates in my area. Thanks for proposing it.
Mike Albin
Board member, Fairfax County Taxpayers Alliance.

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