VA HB1224 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 20 2016 - 100% progression
Action: 2016-04-20 - Governor: Acts of Assembly Chapter text (CHAP0755)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 20 2016 - 100% progression
Action: 2016-04-20 - Governor: Acts of Assembly Chapter text (CHAP0755)
Text: Latest bill text (Chaptered) [HTML]
Summary
Bank franchise tax. Sets a cap of $18 million on the total annual bank franchise tax liability per taxpayer. The cap will increase to $20 million if at least five taxpayers pay the $18 million cap for three consecutive years. After two years at $20 million, the cap will increase by three percent annually.
Title
Bank franchise tax; sets a cap of $18 million on total annual tax liability per taxpayer.
Sponsors
| Del. Lee Ware [R] |
Roll Calls
2016-04-20 - Senate - Senate: Senate concurred in Governor's recommendation (37-Y 2-N) (Y: 37 N: 2 NV: 0 Abs: 0) [PASS]
2016-04-20 - House - House: VOTE: ADOPTION (92-Y 5-N) (Y: 94 N: 6 NV: 3 Abs: 0) [PASS]
2016-02-25 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-23 - Senate - Senate: Reported from Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-04 - House - House: VOTE: PASSAGE (95-Y 3-N) (Y: 98 N: 3 NV: 2 Abs: 0) [PASS]
2016-02-01 - House - House: Reported from Finance with amendment (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-27 - House - House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
2016-04-20 - House - House: VOTE: ADOPTION (92-Y 5-N) (Y: 94 N: 6 NV: 3 Abs: 0) [PASS]
2016-02-25 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-23 - Senate - Senate: Reported from Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-04 - House - House: VOTE: PASSAGE (95-Y 3-N) (Y: 98 N: 3 NV: 2 Abs: 0) [PASS]
2016-02-01 - House - House: Reported from Finance with amendment (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2016-01-27 - House - House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N) (Y: 9 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-20 | Governor: Acts of Assembly Chapter text (CHAP0755) | |
| 2016-04-20 | House | Enacted, Chapter 755 (effective 7/1/16) |
| 2016-04-20 | Senate | Signed by President as reenrolled |
| 2016-04-20 | House | Signed by Speaker as reenrolled |
| 2016-04-20 | House | Reenrolled bill text (HB1224ER2) |
| 2016-04-20 | House | Reenrolled |
| 2016-04-20 | Governor: Governor's recommendation adopted | |
| 2016-04-20 | Senate | Senate concurred in Governor's recommendation (37-Y 2-N) |
| 2016-04-20 | House | VOTE: ADOPTION (92-Y 5-N) |
| 2016-04-20 | House | House concurred in Governor's recommendation (92-Y 5-N) |
| 2016-04-20 | House | Placed on Calendar |
| 2016-03-11 | House | Governor's recommendation received by House |
| 2016-03-04 | Governor: Governor's Action Deadline Midnight, March 11, 2016 | |
| 2016-03-04 | House | Enrolled Bill communicated to Governor on 3/4/16 |
| 2016-03-03 | Senate | Signed by President |
| 2016-02-29 | House | Signed by Speaker |
| 2016-02-29 | House | Bill text as passed House and Senate (HB1224ER) |
| 2016-02-29 | House | Enrolled |
| 2016-02-25 | Senate | Passed Senate (40-Y 0-N) |
| 2016-02-25 | Senate | Read third time |
| 2016-02-24 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2016-02-23 | Senate | Reported from Finance (15-Y 0-N) |
| 2016-02-05 | Senate | Referred to Committee on Finance |
| 2016-02-05 | Senate | Constitutional reading dispensed |
| 2016-02-04 | House | VOTE: PASSAGE (95-Y 3-N) |
| 2016-02-04 | House | Read third time and passed House (95-Y 3-N) |
| 2016-02-03 | House | Printed as engrossed 16103959D-E |
| 2016-02-03 | House | Engrossed by House as amended HB1224E |
| 2016-02-03 | House | Committee amendment agreed to |
| 2016-02-03 | House | Read second time |
| 2016-02-02 | House | Read first time |
| 2016-02-01 | House | Reported from Finance with amendment (22-Y 0-N) |
| 2016-01-27 | House | Subcommittee recommends reporting with amendment(s) (9-Y 0-N) |
| 2016-01-26 | House | Assigned Finance sub: Subcommittee #1 |
| 2016-01-19 | House | Referred to Committee on Finance |
| 2016-01-19 | House | Presented and ordered printed 16103959D |
Same As/Similar To
SB670 (Same As) 2016-03-10 - Governor: Acts of Assembly Chapter text (CHAP0325)
