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2006 SESSION

• | print version

HB 1329 Revenue Stabilization Fund; excess funds deposited in Taxpayer Surplus Relief Fund.

Introduced by: John M. O'Bannon, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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 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.

FULL TEXT

• 01/11/06  House: Prefiled and ordered printed; offered 01/11/06 062206440  pdf | impact statement

HISTORY

• 01/11/06  House: Prefiled and ordered printed; offered 01/11/06 062206440
• 01/11/06  House: Referred to Committee on Appropriations
• 02/15/06  House: Left in Appropriations