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2023 SESSION

• | print version

HB 1618 Revenue Stabilization Fund and Revenue Reserve Fund; required deposits.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Revenue Stabilization Fund and Revenue Reserve Fund; required deposits. Requires deposit of any revenues that would be required to be deposited in the Revenue Stabilization Fund or Revenue Reserve Fund to be deposited in the Taxpayer Relief Fund, established by the bill, in certain circumstances. Such deposits shall be made if the combined balance in the Revenue Stabilization Fund or Revenue Reserve Fund exceeds 15 percent of the Commonwealth's average annual tax revenues derived from taxes on income and retail sales.

FULL TEXT

• 01/07/23  House: Prefiled and ordered printed; offered 01/11/23 23101662D  pdf | impact statement

HISTORY

• 01/07/23  House: Prefiled and ordered printed; offered 01/11/23 23101662D
• 01/07/23  House: Referred to Committee on Appropriations
• 01/13/23  House: Assigned App. sub: General Government and Capital Outlay
• 01/23/23  House: Subcommittee recommends laying on the table (8-Y 0-N)
• 02/07/23  House: Left in Appropriations