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Virginia · 2025 Regular Session · Bill

SB 1472: Revenue Stabilization and Revenue Reserve Fund; revenue reserves.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 1472 is a bill introduced in the Virginia Senate on January 17, 2025. According to its official title, it concerns: Revenue Stabilization and Revenue Reserve Fund; revenue reserves. Primary sponsor: Louise Lucas (Democratic). Most recent recorded action (April 2, 2025): Acts of Assembly Chapter text (CHAP0635).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Louise LucasPrimary sponsorDemocraticSenate18

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Acts of Assembly Chapter text (CHAP0635)
  2. Enacted, Chapter 635 (Effective 07/01/2025)
  3. Signed by Speaker as reenrolled
  4. Signed by President as reenrolled
  5. Reenrolled bill text (SB1472ER2)
  6. Reenrolled
  7. Governor's recommendation adopted
  8. House concurred in Governor's recommendation (94-Y 2-N)
  9. Senate concurred in Governor's recommendation (40-Y 0-N)
  10. Governor's recommendation received by Senate
  11. Governor's Action Deadline 11:59 p.m., March 24, 2024
  12. Enrolled Bill Communicated to Governor on March 11, 2025

Showing 12 most recent of 40 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source