VA HB692 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on February 12 2018 - 50% progression, died in committee
Action: 2018-11-30 - Left in Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Virginia Regional Industrial Facilities Act; revenue sharing; composite index. Requires the Department of Taxation's calculation of true values as applied to the Commonwealth's composite index of local ability-to-pay to take into account an arrangement by localities entered into pursuant to the Virginia Regional Industrial Facilities Act whereby a portion of tax revenue is initially paid to one locality and redistributed to another locality. The bill requires such calculation to properly apportion the percentage of tax revenue ultimately received by each locality. The bill has a delayed effective date of July 1, 2020.

Tracking Information

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Title

Virginia Regional Industrial Facilities Act; revenue sharing, composite index.

Sponsors


Roll Calls

2018-02-27 - Senate - Senate: Continued to 2019 in Finance (11-Y 1-N) (Y: 11 N: 1 NV: 0 Abs: 0) [PASS]
2018-02-20 - Senate - Senate: Reported from Local Government (13-Y 0-N) (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-13 - House - House: VOTE: PASSAGE (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-09 - House - House: Reported from Appropriations with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-07 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2018-01-19 - House - House: Reported from Counties, Cities and Towns (21-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]
2018-01-18 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2018-11-30SenateLeft in Finance
2018-02-27SenateContinued to 2019 in Finance (11-Y 1-N)
2018-02-20SenateRereferred to Finance
2018-02-20SenateReported from Local Government (13-Y 0-N)
2018-02-14SenateReferred to Committee on Local Government
2018-02-14SenateConstitutional reading dispensed
2018-02-13HouseVOTE: PASSAGE (100-Y 0-N)
2018-02-13HouseRead third time and passed House (100-Y 0-N)
2018-02-12HouseEngrossed by House - committee substitute HB692H1
2018-02-12HouseCommittee substitute agreed to 18106622D-H1
2018-02-12HouseRead second time
2018-02-10HouseRead first time
2018-02-09HouseCommittee substitute printed 18106622D-H1
2018-02-09HouseReported from Appropriations with substitute (22-Y 0-N)
2018-02-07HouseSubcommittee recommends reporting with substitute (8-Y 0-N)
2018-01-22HouseAssigned App. sub: Elementary & Secondary Education
2018-01-19HouseReferred to Committee on Appropriations
2018-01-19HouseReported from Counties, Cities and Towns (21-Y 0-N)
2018-01-18HouseSubcommittee recommends referring to Committee on Appropriations
2018-01-18HouseSubcommittee recommends reporting (8-Y 0-N)
2018-01-17HouseAssigned CC & T sub: Subcommittee #2
2018-01-09HouseReferred to Committee on Counties, Cities and Towns
2018-01-09HousePrefiled and ordered printed; offered 01/10/18 18104538D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1526407(n/a)See Bill Text

Virginia State Sources


Bill Comments

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