HB0240

2013 Regular Session

 

Entitled:

Operating Budget - Capital Gains Tax Revenue - Appropriation to Revenue Stabilization Account

Sponsored by:

Delegate James

Status:

In the House - Hearing 2/05 at 2:00 p.m.


Synopsis:Requiring the Governor to include in the budget bill for each fiscal year a specified appropriation to the Revenue Stabilization Account if State income tax revenue from capital gains exceeds $500,000,000; and providing that the appropriation of specified State income tax revenue from capital gains to the Account shall be in addition to other required appropriations to the Account.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate James
Additional Facts:Introduced in a prior session as: HB1439 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2013
Bill imposes a mandated appropriation in the annual State Budget Bill
Committee(s):
Appropriations  View Committee Hearing
Broad Subject(s):Operating Budget
Narrow Subject(s):Appropriations
Income Tax
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - State Finance and Procurement
(7-311)

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October 24, 2017 1:00 P.M.