2012 Regular Session


File Code: Operating Budget
Sponsored By:
Delegates James, Bohanan, Clagett, and Gaines
Operating Budget - Capital Gains Tax Revenue - Appropriation to Revenue Stabilization Account


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.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading House Rules and Executive Nominations
Re-referred Appropriations
Hearing 3/28 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Mary-Dulany James, District 34A
Delegate John L. Bohanan, Jr., District 29B
Delegate Galen R. Clagett, District 3A
Delegate Tawanna P. Gaines, District 22

Bill indexed under the following Subjects:

Income Tax
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Bill affects the following Statute:

State Finance and Procurement
( 7-311 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered