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2024 SESSION

• | print version

HB 660 Income tax, corporate; distribution of revenues to state parks.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia state parks and (ii) the conservation, development, maintenance, and operations of state parks acquired or held by the Department of Conservation and Recreation as provided in the appropriation act. The bill provides that such distribution shall not reduce the total amount of annual appropriations for the Department and the Fund below the total amounts appropriated for the most recent fiscal year ending before July 1, 2024, except as provided by a subsequent appropriation act.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102049D  pdf | impact statement

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24102049D
• 01/09/24  House: Referred to Committee on Finance
• 02/02/24  House: Assigned Finance sub: Subcommittee #1
• 02/05/24  House: Subcommittee recommends laying on the table (7-Y 1-N)
• 02/13/24  House: Left in Finance