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2005 SESSION

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HJ 653 Constitutional amendment (first resolution); limits on state expenditures, taxes and revenues.

Introduced by: L. Scott Lingamfelter | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); limits on state expenditures, taxes, and revenues; Revenue Stabilization Fund; taxpayer refunds.  Limits the amount of state expenditures from state tax revenues to 6.50 percent of personal income in the Commonwealth. The amendment also provides for the refund of surplus revenues, above the amount required to be deposited to the Revenue Stabilization Fund, to the Commonwealth's income tax payers, provided the amount to be refunded exceeds $50 million.

FULL TEXT

• 01/11/05  House: Prefiled & ordered printed; offered 01/12/05 050325380  pdf

HISTORY

• 01/11/05  House: Prefiled & ordered printed; offered 01/12/05 050325380
• 01/11/05  House: Referred to Committee on Privileges and Elections
• 02/04/05  House: Tabled in Privileges & Elections (15-Y 1-N)