VirginiaSB4512025 Regular SessionSenate

Income tax, corporate; distribution of revenues to state parks.

Sponsored By: David W. Marsden (Democratic)

Failed

Summary

Corporate income tax; distribution of revenues; state parks. Requires five percent beginning July 1, 2024, of all corporate income tax revenues to be distributed to the State Park Conservation Resources Fund to provide (i) free entry to Virginia state parks and (ii) the conservation, development, maintenance, and operations of state parks acquired or held by the Department of Conservation and Recreation as provided in the appropriation act. The bill provides that such distribution shall not reduce the total amount of annual appropriations for the Department and the Fund below the total amounts appropriated for the most recent fiscal year ending before July 1, 2024, except as provided by a subsequent appropriation act.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • David W. Marsden

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 2/6/2024

Continued to 2025 in Finance and Appropriations

Yes: 15 • No: 0

Actions Timeline

  1. Left in Finance and Appropriations

    11/19/2024Senate
  2. Continued to 2025 in Finance and Appropriations (15-Y 0-N)

    2/6/2024Senate
  3. Impact statement from TAX (SB451)

    1/27/2024Senate
  4. Referred to Committee on Finance and Appropriations

    1/9/2024Senate
  5. Prefiled and ordered printed; offered 01/10/24 24100153D

    1/9/2024Senate

Bill Text

  • Introduced

    1/30/2024

Related Bills

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