Legislation

Title: State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
Sponsored by: Senators Manno, Kasemeyer, DeGrange, King, Madaleno, Mathias, McFadden, Middleton, and Miller
Status: Approved by the Governor - Chapter 550
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; stating it is the goal of the State that 10% of estimated General Fund revenues in specified years be retained in the Revenue Stabilization Account; establishing the Fiscal Responsibility Fund for the purpose of retaining specified tax revenues to provide pay-as-you-go capital funds for specified purposes; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations Click to view Recorded Media

Details

Cross-filed with: HB0503

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 Senate Calendar Date 1/26/2017 Legislative Date 1/26/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account Proceedings
Chamber Senate Calendar Date 2/01/2017 Legislative Date 2/01/2017 Action Hearing 2/15 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 with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/24/2017 Legislative Date 3/22/2017 Action Favorable with Amendments {419234/1 Adopted Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/24/2017 Legislative Date 3/22/2017 Action Second Reading Passed with Amendments Proceedings 51 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 Senate Calendar Date 3/27/2017 Legislative Date 3/23/2017 Action Third Reading Passed (45-0) Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/27/2017 Legislative Date 3/22/2017 Action Referred Rules and Executive Nominations Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 4/04/2017 Legislative Date 4/05/2017 Action Rereferred to Appropriations Proceedings
Chamber House Calendar Date 4/04/2017 Legislative Date 4/04/2017 Action Hearing 4/05 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 4/06/2017 Legislative Date 4/06/2017 Action Favorable Report by Appropriations Proceedings
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Favorable Adopted Second Reading Passed Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/07/2017 Legislative Date 3/31/2017 Action Third Reading Passed (134-0) Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/02/2017 Action Returned Passed Proceedings 62 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 550 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
Senate	1/26/2017	1/26/2017	First Reading Budget and Taxation
			Text - First - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
Senate	2/01/2017	2/01/2017	Hearing 2/15 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/24/2017	3/24/2017	Favorable with Amendments Report by Budget and Taxation
Senate	3/24/2017	3/22/2017	Favorable with Amendments {419234/1 Adopted	51 Click to view Recorded Media
Senate	3/24/2017	3/22/2017	Second Reading Passed with Amendments	51 Click to view Recorded Media
			Text - Third - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account
Senate	3/27/2017	3/23/2017	Third Reading Passed (45-0)	52 Click to view Recorded Media
House	3/27/2017	3/22/2017	Referred Rules and Executive Nominations	56 Click to view Recorded Media
House	4/04/2017	4/05/2017	Rereferred to Appropriations
House	4/04/2017	4/04/2017	Hearing 4/05 at 1:00 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	4/06/2017	4/06/2017	Favorable Report by Appropriations
House	4/06/2017	3/30/2017	Favorable Adopted Second Reading Passed	64 Click to view Recorded Media
House	4/07/2017	3/31/2017	Third Reading Passed (134-0)	65 Click to view Recorded Media
Senate	4/10/2017	4/02/2017	Returned Passed	62 Click to view Recorded Media
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 550
			Text - Chapter - State Budget - Appropriations - Income Tax Revenue Estimate Cap and Revenue Stabilization Account

File Code

Subjects

Statutes