Revenue Stabilization Fund and Revenue Reserve Fund; required deposits.
Summary
Revenue Stabilization Fund and Revenue ReserveFund; required deposits. Requires deposit of any revenues thatwould be required to be deposited in the Revenue Stabilization Fundor Revenue Reserve Fund to be deposited in the Taxpayer Relief Fund,established by the bill, in certain circumstances. Such depositsshall be made if the combined balance in the Revenue StabilizationFund or Revenue Reserve Fund exceeds 15 percent of the Commonwealth'saverage annual tax revenues derived from taxes on income and retailsales.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Feb 13, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
5
Jan 29, 2024
Lower · Passed
Subcommittee recommends laying on the table (5-Y 2-N)
lower
Jan 18, 2024
Committee
Assigned App. sub: General Government and Capital Outlay
lower
Jan 17, 2024
Committee
Referred to Committee on Appropriations
lower
Jan 17, 2024
Committee
Referred from Finance
lower
Jan 9, 2024
Committee
Referred to Committee on Finance
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joe McNamara
RRepublican
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