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Legislation


2000 Regular Session

HOUSE BILL 1435

File Code: Taxes - Income
Sponsored By:
Delegate Flanagan
Entitled:
General Fund Surplus - Return to Taxpayers

Synopsis:

Requiring the Governor to report to the General Assembly and the Comptroller by September 1 of each year as to actual general revenues, expenditures, the balance for the preceding fiscal year, and the balance in the Revenue Stabilization Fund as of the end of the fiscal year; requiring a general fund surplus, as defined, to be returned to individual income taxpayers by means of a State income tax credit calculated on an applicable percentage determined by the Comptroller under specified circumstances; etc.

History by Legislative Date

House Action
3/17
First Reading House Rules and Executive Nominations
Motion Rules Suspended for late introduction (Delegate Flanagan) Adopted (101-23)
Referred House Rules and Executive Nominations
Senate Action
No Action
Bill indexed under the following Subjects:
BUDGETS -see also- CAPITAL BUDGETS
GOVERNOR
INCOME TAX
REPORTS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-718 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Not available at this time
Amendments: None offered
Roll Call Vote (Legislative date is shown):
House
March 17, 2000: Motion Rules Suspended for late introduction (Flanagan) Adopted (101-23)
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