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2010 SESSION

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SB 362 Constitutional amendment; limit on taxes or revenues and Revenue Stabilization Fund.

Introduced by: George L. Barker | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (voter referendum); limit on taxes or revenues and the Revenue Stabilization Fund.  Provides for a referendum at the November 2010 election on the approval of a proposed constitutional amendment relating to the limit on the size of the Revenue Stabilization Fund. The proposed amendment increases the permissible size of the Fund by 50 percent; i.e., from 10 percent to 15 percent of the Commonwealth's average annual tax revenues derived from income and sales taxes for the preceding three fiscal years. This bill is identical to HB 147.

FULL TEXT

• 01/12/10  Senate: Prefiled and ordered printed; offered 01/13/10 10102586D  pdf | impact statement
• 03/10/10  Senate: Bill text as passed Senate and House (SB362ER)  pdf | impact statement
• 04/11/10  Governor: Acts of Assembly Chapter text (CHAP0606)  pdf

HISTORY

• 01/12/10  Senate: Prefiled and ordered printed; offered 01/13/10 10102586D
• 01/12/10  Senate: Referred to Committee on Privileges and Elections
• 01/25/10  Senate: Assigned to P&E sub: Constitutional Amendments, Reapportionment, Referenda
• 01/26/10  Senate: Reported from Privileges and Elections (15-Y 0-N)
• 01/26/10  Senate: Rereferred to Finance
• 02/02/10  Senate: Reported from Finance (15-Y 0-N)
• 02/03/10  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/04/10  Senate: Read second time and engrossed
• 02/08/10  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/16/10  House: Placed on Calendar
• 02/16/10  House: Read first time
• 02/16/10  House: Referred to Committee on Privileges and Elections
• 02/17/10  House: Assigned P & E sub: #1 Constitutional
• 02/22/10  House: Subcommittee recommends reporting (5-Y 0-N)
• 02/26/10  House: Reported from Privileges and Elections (20-Y 0-N)
• 03/01/10  House: Read second time
• 03/02/10  House: Read third time
• 03/02/10  House: Passed House BLOCK VOTE (99-Y 0-N)
• 03/02/10  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 03/10/10  Senate: Enrolled
• 03/10/10  Senate: Bill text as passed Senate and House (SB362ER)
• 03/10/10  House: Signed by Speaker
• 03/12/10  Senate: Signed by President
• 04/11/10  Governor: Approved by Governor-Chapter 606 (effective - see bill)
• 04/11/10  Governor: Acts of Assembly Chapter text (CHAP0606)