HB 660

Abstract

Corporate income tax; distribution of revenues;state parks. Requires five percent beginning July 1, 2024, ofall corporate income tax revenues to be distributed to the StatePark Conservation Resources Fund to provide (i) free entry to Virginia state parks and (ii) the conservation, development, maintenance,and operations of state parks acquired or held by the Departmentof Conservation and Recreation as provided in the appropriation act.The bill provides that such distribution shall not reduce the totalamount of annual appropriations for the Department and the Fund belowthe total amounts appropriated for the most recent fiscal year endingbefore July 1, 2024, except as provided by a subsequent appropriationact.