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2008 SESSION

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HB 1357 Taxpayer Surplus Relief Fund; established to provide tax relief.

Introduced by: Benjamin L. Cline | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of the Treasury; 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" to be used by the next session of the General Assembly to provide tax relief to Virginia taxpayers.  This bill was incorporated into HB 1318.

FULL TEXT

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 088443464  pdf | impact statement

HISTORY

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 088443464
• 01/09/08  House: Referred to Committee on Finance
• 01/17/08  House: Assigned Finance sub: 3
• 02/04/08  House: Incorporated by Finance (HB1318-O'Bannon) by voice vote