Virginia Senate Bill 1472
Session 2025
Revenue Stabilization and Revenue Reserve Fund; revenue reserves.
Became Law
Became Law on Apr 2, 2025
Origin Chamber
Senate
Type
Bill
Bill Number
1472
State
Virginia
Session
2025
Senate votes are unavailable for this bill.
Summary
An Act to amend and reenact §§ 2.2-1829 and 2.2-1831.3 of the Code of Virginia, relating to revenue reserves of the Revenue Stabilization Fund and Revenue Reserve Fund.
Revenue reserves of the Revenue Stabilization Fund and the Revenue Reserve Fund. Increases the maximum combined amount in the Revenue Stabilization Fund and the Revenue Reserve Fund from 15 percent to 20 percent of the Commonwealth's average annual tax revenues, provided that such combined amount shall only exceed 15 percent if the balance of the Revenue Reserve Fund does not exceed eight percent of such revenues. The bill also removes the requirement that the Governor make increased deposits into the Revenue Stabilization Fund during periods of increased revenue collection.
Chaptered
Reenrolled
Governor's Recommendation
Enrolled
Conference Report
Conference Substitute
Appropriations Substitute
Fiscal Impact Statement from Department of Planning and Budget (SB1472)
Sort by most recent
04/02/2025
Office of the Governor
Acts of Assembly Chapter text (CHAP0635)
04/02/2025
House
Enacted, Chapter 635 (Effective 07/01/2025)
04/02/2025
House
Signed by Speaker as reenrolled
04/02/2025
Senate
Signed by President as reenrolled
04/02/2025
Senate
Reenrolled bill text (SB1472ER2)
04/02/2025
Senate
Reenrolled
04/02/2025
Office of the Governor
Governor's recommendation adopted
04/02/2025
House
House concurred in Governor's recommendation (94-Y 2-N)
04/02/2025
Senate
Senate concurred in Governor's recommendation (40-Y 0-N)
03/24/2025
Office of the Governor
Governor's recommendation received by Senate
03/11/2025
Office of the Governor
Governor's Action Deadline 11:59 p.m., March 24, 2024
03/11/2025
Senate
Enrolled Bill Communicated to Governor on March 11, 2025
03/10/2025
Senate
Signed by President
03/07/2025
House
Signed by Speaker
03/07/2025
Senate
Fiscal Impact Statement from Department of Planning and Budget (SB1472)
03/07/2025
Senate
Bill text as passed Senate and House (SB1472ER)
03/07/2025
Senate
Enrolled
02/25/2025
Senate
Fiscal Impact Statement from Department of Planning and Budget (SB1472)
02/22/2025
House
Conference report agreed to by House (84-Y 13-N)
02/21/2025
Senate
Conference report agreed to by Senate (40-Y 0-N)
02/21/2025
Senate
Conference substitute printed 25107953D-S1
02/21/2025
Virginia General Assembly
Amended by conference committee
02/20/2025
Senate
Senators: Lucas, Deeds, McDougle
02/20/2025
Senate
Conferees appointed by Senate
02/20/2025
House
Delegates: Torian, Sickles, Austin
02/20/2025
House
Conferees appointed by House
02/20/2025
Senate
Senate acceded to request (38-Y 0-N)
02/20/2025
House
House requested conference committee
02/20/2025
House
House insisted on substitute
02/20/2025
Senate
House substitute rejected by Senate (0-Y 39-N)
02/19/2025
House
Passed House with substitute (84-Y 13-N)
02/19/2025
House
Engrossed by House - committee substitute
02/19/2025
House
Appropriations Substitute agreed to
02/19/2025
House
Read third time
02/19/2025
House
Moved from Uncontested Calendar to Regular Calendar
02/18/2025
House
Read second time
02/18/2025
Senate
Fiscal Impact Statement from Department of Planning and Budget (SB1472)
02/14/2025
House
Committee substitute printed 25107330D-H1
02/14/2025
House
Reported from Appropriations with substitute (21-Y 0-N)
02/06/2025
House
Assigned Approps sub: General Government and Capital Outlay
02/06/2025
House
Referred to Committee on Appropriations
02/06/2025
House
Read first time
02/06/2025
House
Placed on Calendar
01/31/2025
Senate
Passed Senate (40-Y 0-N)
01/31/2025
Senate
Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
01/31/2025
Senate
Rules suspended
01/31/2025
Senate
Read second time and engrossed
01/30/2025
Senate
Passed by for the day
01/30/2025
Senate
Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
01/30/2025
Senate
Rules suspended
01/30/2025
Senate
Fiscal Impact Statement from Department of Planning and Budget (SB1472)
01/29/2025
Senate
Reported from Finance and Appropriations (15-Y 0-N)
01/17/2025
Senate
Referred to Committee on Finance and Appropriations
01/17/2025
Senate
Presented and ordered printed 25102888D
Sources
VA Legislature
Open States
Record Created
Jan 18, 2025 5:38:44 PM
Record Updated
Sep 1, 2025 1:37:48 PM