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1999 SESSION
HJ 550 Constitutional amend.; limits on taxes & revenues; Rev. Stab. Fund.
Introduced by: Eric I. Cantor | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Limits on taxes and revenues; Revenue Stabilization Fund; taxpayer refunds. Provides for the refund of surplus revenues, above the amount required to be deposited to the Revenue Stabilization Fund, to the Commonwealth’s income taxpayers, provided such surplus exceeds $50 million.
SUMMARY AS INTRODUCED:
Limits on taxes and revenues; Revenue Stabilization Fund; taxpayer refunds. Provides for the refund of surplus revenues, above the amount required to be deposited to the Revenue Stabilization Fund, to the Commonwealth’s income taxpayers.