VA HB1417 | 2020 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 10 2020 - 100% progression
Action: 2020-04-10 - Governor: Acts of Assembly Chapter text (CHAP1030)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 10 2020 - 100% progression
Action: 2020-04-10 - Governor: Acts of Assembly Chapter text (CHAP1030)
Text: Latest bill text (Chaptered) [HTML]
Summary
Income tax; reporting requirements for partnerships. Alters the process by which partnerships report federal tax adjustments to the Department of Taxation. The federal Bipartisan Budget Act of 2015, P.L. 114-74, generally shifted the burden of reporting adjustments from a partnership's investors and owners to the partnership itself. The bill would allow a partnership to report to its owners and investors any information required under Virginia law or to report such information on behalf of its owners and investors. The bill establishes processes and deadlines by which partnerships are required to report such information, and pay any associated taxes, to the Department.
Title
Income tax, state; reporting requirements for partnerships.
Sponsors
Roll Calls
2020-02-26 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-26 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2020-02-25 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-10 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-31 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-26 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2020-02-25 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-10 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-05 - House - House: Reported from Finance with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-31 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-10 | Governor: Acts of Assembly Chapter text (CHAP1030) | |
| 2020-04-10 | Governor: Approved by Governor-Chapter 1030 (effective 7/1/20) | |
| 2020-03-12 | Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020 | |
| 2020-03-12 | House | Enrolled Bill communicated to Governor on March 12, 2020 |
| 2020-03-04 | Senate | Signed by President |
| 2020-03-03 | House | Signed by Speaker |
| 2020-03-03 | House | Bill text as passed House and Senate (HB1417ER) |
| 2020-03-03 | House | Enrolled |
| 2020-02-26 | Senate | Passed Senate (40-Y 0-N) |
| 2020-02-26 | Senate | Read third time |
| 2020-02-26 | Senate | Constitutional reading dispensed (38-Y 0-N) |
| 2020-02-25 | Senate | Reported from Finance and Appropriations (15-Y 0-N) |
| 2020-02-11 | Senate | Referred to Committee on Finance and Appropriations |
| 2020-02-11 | Senate | Constitutional reading dispensed |
| 2020-02-10 | House | VOTE: Block Vote Passage (99-Y 0-N) |
| 2020-02-10 | House | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
| 2020-02-07 | House | Engrossed by House - committee substitute HB1417H1 |
| 2020-02-07 | House | Committee substitute agreed to 20107357D-H1 |
| 2020-02-07 | House | Read second time |
| 2020-02-06 | House | Read first time |
| 2020-02-05 | House | Reported from Finance with substitute (22-Y 0-N) |
| 2020-02-05 | House | Committee substitute printed 20107357D-H1 |
| 2020-01-31 | House | Subcommittee recommends reporting with substitute (8-Y 0-N) |
| 2020-01-29 | House | Assigned Finance sub: Subcommittee #3 |
| 2020-01-08 | House | Referred to Committee on Finance |
| 2020-01-08 | House | Prefiled and ordered printed; offered 01/08/20 20102759D |
