Legislation

Title: State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
Sponsored by: Delegate McIntosh
Status: Approved by the Governor - Chapter 4
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring the Bureau of Revenue Estimates, beginning with the revenue estimate for fiscal year 2020, to calculate a specified share of General Fund revenues represented by specified nonwithholding income tax revenues; requiring the Bureau to make a specified adjustment to a specified revenue estimate relating to nonwithholding income tax revenues under specified circumstances; establishing the Fiscal Responsibility Fund to retain the amount of nonwithholding income tax revenues until the revenues are appropriated in the State budget; etc.

Committees

Original:: Appropriations Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: SB0371

Bill File Type: Regular

Effective Date(s): July 1, 2017

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 1/27/2017 Legislative Date 1/27/2017 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account Proceedings
Chamber House Calendar Date 2/15/2017 Legislative Date 2/15/2017 Action Hearing 3/03 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/18/2017 Legislative Date 3/18/2017 Action Favorable with Amendments Report by Appropriations Proceedings
Chamber House Calendar Date 3/18/2017 Legislative Date 3/15/2017 Action Favorable with Amendments {444267/1 Adopted Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/18/2017 Legislative Date 3/15/2017 Action Second Reading Passed with Amendments Proceedings 49 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account Proceedings
Chamber House Calendar Date 3/20/2017 Legislative Date 3/17/2017 Action Third Reading Passed (140-0) Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2017 Legislative Date 3/17/2017 Action Referred Budget and Taxation Proceedings 46AClick to view Recorded Media
Chamber Senate Calendar Date 3/21/2017 Legislative Date 3/21/2017 Action Hearing 3/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/24/2017 Legislative Date 3/24/2017 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/24/2017 Legislative Date 3/22/2017 Action Favorable Adopted Second Reading Passed Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2017 Legislative Date 3/23/2017 Action Third Reading Passed (46-0) Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/27/2017 Legislative Date 3/22/2017 Action Returned Passed Proceedings 56 Click to view Recorded Media
Chamber Post Passage Calendar Date 3/31/2017 Legislative Date 3/31/2017 Action Approved by the Governor - Chapter 4 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/27/2017	1/27/2017	First Reading Appropriations
			Text - First - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
House	2/15/2017	2/15/2017	Hearing 3/03 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	3/18/2017	3/18/2017	Favorable with Amendments Report by Appropriations
House	3/18/2017	3/15/2017	Favorable with Amendments {444267/1 Adopted	49 Click to view Recorded Media
House	3/18/2017	3/15/2017	Second Reading Passed with Amendments	49 Click to view Recorded Media
			Text - Third - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
House	3/20/2017	3/17/2017	Third Reading Passed (140-0)	51 Click to view Recorded Media
Senate	3/20/2017	3/17/2017	Referred Budget and Taxation	46AClick to view Recorded Media
Senate	3/21/2017	3/21/2017	Hearing 3/23 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/24/2017	3/24/2017	Favorable Report by Budget and Taxation
Senate	3/24/2017	3/22/2017	Favorable Adopted Second Reading Passed	51 Click to view Recorded Media
Senate	3/27/2017	3/23/2017	Third Reading Passed (46-0)	52 Click to view Recorded Media
House	3/27/2017	3/22/2017	Returned Passed	56 Click to view Recorded Media
Post Passage	3/31/2017	3/31/2017	Approved by the Governor - Chapter 4
			Text - Chapter - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account

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Subjects

Statutes