VA HB1318 | 2008 | Regular Session
Status
Spectrum: Partisan Bill (Republican 25-0)
Status: Engrossed on February 6 2008 - 50% progression, died in chamber
Action: 2008-02-27 - Senate: Continued to 2009 in Finance (16-Y 0-N)
Status: Engrossed on February 6 2008 - 50% progression, died in chamber
Action: 2008-02-27 - Senate: Continued to 2009 in Finance (16-Y 0-N)
Summary
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
Title
Taxpayer Surplus Relief Fund; established to provide tax relief.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2008-02-27 | Senate: Continued to 2009 in Finance (16-Y 0-N) | |
| 2008-02-08 | Senate: Referred to Committee on Finance | |
| 2008-02-08 | Senate: Constitutional reading dispensed | |
| 2008-02-07 | House: Communicated to Senate | |
| 2008-02-07 | House: VOTE: --- PASSAGE (99-Y 0-N) | |
| 2008-02-07 | House: Read third time and passed House (99-Y 0-N) | |
| 2008-02-06 | House: Engrossed by House - committee substitute HB1318H1 | |
| 2008-02-06 | House: Amendment by Delegate Armstrong passed by | |
| 2008-02-06 | House: VOTE: --- AGREE TO MOTION (54-Y 43-N) | |
| 2008-02-06 | House: Motion to pass by amendment offered by Delegate Armstrong agreed to (54-Y 43-N) | |
| 2008-02-06 | House: Amendment by Delegate Armstrong offered | |
| 2008-02-06 | House: Committee substitute agreed to 081921664-H1 | |
| 2008-02-06 | House: No action taken on floor substitute (Armstrong) | |
| 2008-02-06 | House: Substitute by Delegate Armstrong offered 081925416-H2 | |
| 2008-02-06 | House: Floor substitute printed 081925416-H2 (Ward Armstrong) | |
| 2008-02-06 | House: Read second time | |
| 2008-02-05 | House: Read first time | |
| 2008-02-04 | House: Reported from Finance with substitute (21-Y 0-N) | |
| 2008-02-04 | House: Committee substitute printed 081921664-H1 | |
| 2008-01-17 | House: Assigned Finance sub: 3 | |
| 2008-01-09 | House: Referred to Committee on Finance | |
| 2008-01-09 | House: Prefiled and ordered printed; offered 01/09/08 082208664 |
Same As/Similar To
HB1357 (Similar To) 2010-02-10 - House: Continued to 2011 in Agriculture, Chesapeake and Natural Resources by voice vote
Subjects
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB1318 |
