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SB 451

Income tax, corporate; distribution of revenues to state parks.

2025 Regular Session Introduced by Jennifer Boysko and 1 co-sponsor

SB 451 dedicates a portion of Virginia corporate income tax revenue to fund state parks, creating sustainable park financing but reducing general state budget resources.

Left in Finance and Appropriations
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Bill Summary · SB 451

Legislative bill overview

SB 451 proposes to direct a portion of Virginia's corporate income tax revenues toward funding state parks. The bill was prefiled in January 2024 and has remained in the Finance and Appropriations Committee throughout the legislative process, with a vote to continue it into the 2025 session.

Why is this important

State parks generate significant economic activity and public health benefits, but many systems face chronic underfunding for maintenance and expansion. Dedicating corporate tax revenue to parks could provide sustainable, predictable funding rather than relying on annual appropriations that compete with other budget priorities.

Potential points of contention

  • Revenue impact: Redirecting corporate income tax revenue reduces general fund resources available for education, healthcare, transportation, and other state priorities during budget constraints
  • Corporate tax competitiveness: Virginia may face concerns about corporate tax burden relative to neighboring states and its ability to attract/retain businesses
  • Specificity of allocation: The bill's exact revenue percentage and distribution formula among parks systems (state vs. regional) could affect different communities unequally

Compiled from official sources — confirm details with the bill’s official record.

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