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2000 SESSION
HB 1174 Allocation of individual and corporate income tax revenues.
Introduced by: C. Richard Cranwell | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Allocation of individual and corporate income tax revenues. Provides that, starting with the fiscal year beginning July 1, 2002, an amount equal to (i) one-quarter of one percent of Virginia taxable income for every individual; plus (ii) all corporate income taxes collected in the immediately preceding fiscal year, as certified by the Comptroller, shall be deposited annually into the Transportation Trust Fund to be used for transportation purposes. Such deposit shall be made no later than December 1 of the fiscal year.
FULL TEXT
HISTORY
- 01/24/00 House: Presented & ordered printed 002607684
- 01/24/00 House: Referred to Committee on Appropriations
- 02/11/00 House: Tabled in Appropriations (29-Y 0-N)