Virginia House Bill 1405 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0520)
Text: Latest bill text (Chaptered) [HTML]

Corporate income tax returns; filing method for affiliated corporations. Removes the requirement that, in order for a group of affiliated corporations to be granted permission from the Tax Commissioner to change their filing status for corporate income tax purposes, for the previous tax year there would have been no decrease in tax liability computed under the proposed election as compared to the affiliated group's former filing method. The bill retains the current requirement that the affiliated group agree to file returns under both the new filing method and the former method and pay the greater of the two amounts for the taxable year in which the new election is effective and for the immediately succeeding taxable year.

Income tax, corporate; returns, affiliated corporations.

Del. Joseph McNamara [R]	Del. Chris Runion [R]	Del. Vivian Watts [D]	Del. Amanda Batten [R]
Del. Hyland Fowler [R]	Del. Mark Sickles [D]	Del. Bill Wiley [R]

2023-02-10 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-09 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-08 - Senate - Senate: Reported from Finance and Appropriations (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-24 - House - House: VOTE: Block Vote Passage (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-18 - House - House: Reported from Finance (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-01-16 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-26		Governor: Acts of Assembly Chapter text (CHAP0520)
2023-03-26		Governor: Approved by Governor-Chapter 520 (effective 7/1/23)
2023-02-27		Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-02-27	House	Enrolled Bill communicated to Governor on February 27, 2023
2023-02-14	Senate	Signed by President
2023-02-14	House	Signed by Speaker
2023-02-14	House	Bill text as passed House and Senate (HB1405ER)
2023-02-14	House	Enrolled
2023-02-10	Senate	Passed Senate (39-Y 0-N)
2023-02-10	Senate	Read third time
2023-02-09	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-02-08	Senate	Reported from Finance and Appropriations (14-Y 0-N)
2023-01-25	Senate	Referred to Committee on Finance and Appropriations
2023-01-25	Senate	Constitutional reading dispensed
2023-01-24	House	VOTE: Block Vote Passage (100-Y 0-N)
2023-01-24	House	Read third time and passed House BLOCK VOTE (100-Y 0-N)
2023-01-23	House	Read second time and engrossed
2023-01-20	House	Read first time
2023-01-18	House	Reported from Finance (21-Y 0-N)
2023-01-16	House	Subcommittee recommends reporting (8-Y 0-N)
2023-01-13	House	Assigned Finance sub: Subcommittee #1
2022-12-02	House	Referred to Committee on Finance
2022-12-02	House	Prefiled and ordered printed; offered 01/11/23 23100947D

SB796 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0521)
SB796 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0521)

Chapter	Article	Section	Citation Type	Statute Text
58	1	442	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1405
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1405+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1405ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0520+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1405F161+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1405FER161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1001V0007+HB1405
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H10V0014+HB1405
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1066+HB1405
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0315+HB1405
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0402HB1405+HB1405
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0414HB1405+HB1405