VA SB 646

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Description

Citizen impacts included in fiscal impact statements and estimates. Requires any fiscal impact statement or other estimate of costs prepared for a legislative bill by the Department of Planning and Budget, the Department of Taxation, the Commission on Local Government, the Virginia Criminal Sentencing Commission, the Virginia Retirement System, or any other agency of the Commonwealth to include a clear and conspicuous estimate of any potential citizen impacts attributable to such legislation, and requires the Joint Legislative Audit and Review Commission, at the request of any member of the General Assembly, to review a piece of legislation and prepare a statement reflecting (i) the potential fiscal impact of such legislation on the operations of state government and (ii) any potential citizen impacts of such legislation. The bill defines "citizen impact" as any increase in personal fiscal impacts on a majority of residents of the Commonwealth estimated to result from the enactment of legislation before the General Assembly, including any inflationary impacts and increases in any (a) taxes, (b) costs associated with the use of electricity and fuel, (c) insurance premiums paid by policyholders, and (d) other generally applicable costs of legislation that will be borne by a majority of Virginia residents.