Fabio
129 lines
7.9 KiB
Markdown
129 lines
7.9 KiB
Markdown
---
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type: "Bill"
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title: "Revenue Stabilization and Revenue Reserve Fund; revenue reserves."
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description: "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."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2025"
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identifier: "SB 1472"
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citation: "Virginia SB 1472 (2025)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["L. Louise Lucas"]
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version_count: 8
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action_count: 54
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vote_count: 12
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first_action: "2025-01-17"
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last_action: "2025-04-02"
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source: "openstates"
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source_identifier: "ocd-bill/bf4b5fa0-17e4-41b5-834e-56ed5b1947c7"
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source_url: "https://lis.virginia.gov/bill-details/20251/SB1472"
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source_hash: "54dd5fdf8153d5d18642799341990e3dccf16bc837df2761b1a51af74173c850"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 1472 (2025) — Revenue Stabilization and Revenue Reserve Fund; revenue reserves.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1023196.PDF)
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2. **Appropriations Substitute** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1053361.PDF)
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3. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1079103.PDF)
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4. **Conference Report** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1067084.HTML)
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5. **Conference Substitute** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1067072.PDF)
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6. **Governor's Recommendation** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1073661.HTML)
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7. **Reenrolled** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1075410.PDF)
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8. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1069331.PDF)
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## Votes
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- Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A) — **39–0** (pass) · upper
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- Senate acceded to request (38-Y 0-N) — **38–0** (pass) · upper
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- House substitute rejected by Senate (0-Y 39-N) — **0–39** (fail) · upper
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- Reported from Finance and Appropriations (15-Y 0-N) — **15–0** (pass) · upper
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- Conference report agreed to by Senate (40-Y 0-N) — **40–0** (pass) · upper
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- Senate concurred in Governor's recommendation (40-Y 0-N) — **40–0** (pass) · upper
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- Constitutional reading dispensed (on 3rd reading) — **40–0** (pass) · upper
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- House concurred in Governor's recommendation (94-Y 2-N) — **94–2** (pass) · lower
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- Passed Senate — **40–0** (pass) · upper
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- Reported from Appropriations with substitute (21-Y 0-N) — **21–0** (pass) · lower
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- Conference report agreed to by House (84-Y 13-N) — **84–13** (pass) · lower
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- Passed House with substitute (84-Y 13-N) — **84–13** (pass) · lower
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## Sponsors
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- L. Louise Lucas — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-01-17** Presented and ordered printed 25102888D `introduction`
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- **2025-01-17** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2025-01-29** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
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- **2025-01-30** Fiscal Impact Statement from Department of Planning and Budget (SB1472)
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- **2025-01-30** Rules suspended
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- **2025-01-30** Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
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- **2025-01-30** Passed by for the day
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- **2025-01-31** Read second time and engrossed `reading-2`
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- **2025-01-31** Rules suspended
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- **2025-01-31** Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
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- **2025-01-31** Passed Senate (40-Y 0-N) `passage`
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- **2025-02-06** Placed on Calendar
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- **2025-02-06** Read first time `reading-1`
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- **2025-02-06** Referred to Committee on Appropriations `referral-committee`
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- **2025-02-06** Assigned Approps sub: General Government and Capital Outlay `referral-committee`
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- **2025-02-14** Reported from Appropriations with substitute (21-Y 0-N) `committee-passage`
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- **2025-02-14** Committee substitute printed 25107330D-H1 `substitution`
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- **2025-02-18** Fiscal Impact Statement from Department of Planning and Budget (SB1472)
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- **2025-02-18** Read second time `reading-2`
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- **2025-02-19** Moved from Uncontested Calendar to Regular Calendar
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- **2025-02-19** Read third time `reading-3`
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- **2025-02-19** Appropriations Substitute agreed to
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- **2025-02-19** Engrossed by House - committee substitute `substitution`
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- **2025-02-19** Passed House with substitute (84-Y 13-N) `passage`
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- **2025-02-20** House substitute rejected by Senate (0-Y 39-N)
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- **2025-02-20** House insisted on substitute `substitution`
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- **2025-02-20** House requested conference committee `referral-committee`
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- **2025-02-20** Senate acceded to request (38-Y 0-N)
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- **2025-02-20** Conferees appointed by House
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- **2025-02-20** Delegates: Torian, Sickles, Austin
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- **2025-02-20** Conferees appointed by Senate
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- **2025-02-20** Senators: Lucas, Deeds, McDougle
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- **2025-02-21** Amended by conference committee
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- **2025-02-21** Conference substitute printed 25107953D-S1
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- **2025-02-21** Conference report agreed to by Senate (40-Y 0-N) `committee-passage-favorable`
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- **2025-02-22** Conference report agreed to by House (84-Y 13-N) `committee-passage-favorable`
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- **2025-02-25** Fiscal Impact Statement from Department of Planning and Budget (SB1472)
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- **2025-03-07** Enrolled `enrolled`
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- **2025-03-07** Bill text as passed Senate and House (SB1472ER) `passage`
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- **2025-03-07** Fiscal Impact Statement from Department of Planning and Budget (SB1472)
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- **2025-03-07** Signed by Speaker `passage`
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- **2025-03-10** Signed by President `passage`
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- **2025-03-11** Enrolled Bill Communicated to Governor on March 11, 2025 `enrolled`
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- **2025-03-11** Governor's Action Deadline 11:59 p.m., March 24, 2024 `executive-receipt`
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- **2025-03-24** Governor's recommendation received by Senate `executive-veto-line-item`
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- **2025-04-02** Senate concurred in Governor's recommendation (40-Y 0-N)
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- **2025-04-02** House concurred in Governor's recommendation (94-Y 2-N)
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- **2025-04-02** Governor's recommendation adopted `executive-signature`
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- **2025-04-02** Reenrolled `enrolled`
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- **2025-04-02** Reenrolled bill text (SB1472ER2) `enrolled`
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- **2025-04-02** Signed by President as reenrolled `enrolled, passage`
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- **2025-04-02** Signed by Speaker as reenrolled `enrolled, passage`
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- **2025-04-02** Enacted, Chapter 635 (Effective 07/01/2025) `became-law`
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- **2025-04-02** Acts of Assembly Chapter text (CHAP0635)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bf4b5fa0-17e4-41b5-834e-56ed5b1947c7`. Confidence: reported (aggregated from official Virginia legislature records).
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