Did not become law. It stopped in the House of Representatives's Revenue Committee on June 28, 2007. The 2007 session has ended.
2007 Regular Session
House Bill 2846
Creates Rainy Day Fund.
What it does
The synopsis the Legislative Assembly published with the bill.
Creates Rainy Day Fund. Directs Department of Revenue to estimate amount of capital gains taxes raised during previous biennium. Directs State Treasurer to transfer one-half of certified amount from General Fund to Rainy Day Fund, until Rainy Day Fund equals or exceeds ceiling percentage of legislatively adopted budget. Reduces capital gains taxes thereafter until Rainy Day Fund is less than floor percentage of legislatively adopted budget. Reinstates accumulation of higher capital gains rate and accumulation of capital gains revenue in Rainy Day Fund whenever Rainy Day Fund is below floor percentage of budget. Restricts expenditures from Rainy Day Fund, unless certain economic conditions are present. Takes effect on 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
February 27 to June 28, 2007, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the House of RepresentativesFeb 27 to Jun 28 · stopped121 days
Waiting for a committeeFeb 27 to Feb 281 day
RevenueFeb 28 to Jun 28 · stopped120 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Feb 27 – Jun 28
- Feb 27Introduced
- Feb 28Sent to Revenue
- Jun 28Died when the session ended
All 3 actions, as published
- Feb 27First reading. Referred to Speaker's desk.House of Representatives
- Feb 28Referred to Revenue.House of Representatives
- Jun 28In committee upon adjournment.House of Representatives