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2008 SESSION

• | print version

HB 1318 Taxpayer Surplus Relief Fund; established to provide tax relief.

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

SUMMARY AS PASSED HOUSE: (all summaries)

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 HB 1357.

FULL TEXT

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 082208664  pdf | impact statement
• 02/04/08  House: Committee substitute printed 081921664-H1  pdf
• 02/06/08  House: Floor substitute printed 081925416-H2 (Ward Armstrong)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 082208664
• 01/09/08  House: Referred to Committee on Finance
• 01/17/08  House: Assigned Finance sub: 3
• 02/04/08  House: Committee substitute printed 081921664-H1
• 02/04/08  House: Reported from Finance with substitute (21-Y 0-N)
• 02/05/08  House: Read first time
• 02/06/08  House: Read second time
• 02/06/08  House: Floor substitute printed 081925416-H2 (Ward Armstrong)
• 02/06/08  House: Substitute by Delegate Armstrong offered 081925416-H2
• 02/06/08  House: No action taken on floor substitute (Armstrong)
• 02/06/08  House: Committee substitute agreed to 081921664-H1
• 02/06/08  House: Amendment by Delegate Armstrong offered
• 02/06/08  House: Motion to pass by amendment offered by Delegate Armstrong agreed to (54-Y 43-N)
• 02/06/08  House: VOTE: --- AGREE TO MOTION (54-Y 43-N)
• 02/06/08  House: Amendment by Delegate Armstrong passed by
• 02/06/08  House: Engrossed by House - committee substitute HB1318H1
• 02/07/08  House: Read third time and passed House (99-Y 0-N)
• 02/07/08  House: VOTE: --- PASSAGE (99-Y 0-N)
• 02/07/08  House: Communicated to Senate
• 02/08/08  Senate: Constitutional reading dispensed
• 02/08/08  Senate: Referred to Committee on Finance
• 02/27/08  Senate: Continued to 2009 in Finance (16-Y 0-N)