VA HB154 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on March 6 2012 - 100% progression
Action: 2012-03-06 - Governor: Acts of Assembly Chapter text (CHAP0086)
Text: Latest bill text (Chaptered) [HTML]
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on March 6 2012 - 100% progression
Action: 2012-03-06 - Governor: Acts of Assembly Chapter text (CHAP0086)
Text: Latest bill text (Chaptered) [HTML]
Summary
Apportionment of corporate income tax; retail companies. Requires retail companies to use a formula for apportioning taxable income to the Commonwealth based on multiplying their income by the sales factor. The provisions of the bill would be effective for tax years beginning on or after July 1, 2012, and would be phased in with the apportionment formula having a 100 percent sales factor by 2015.
Title
Income tax, corporate; requires retail companies to use single-sales factor apportionment formula.
Sponsors
Roll Calls
2012-02-17 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-16 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-15 - Senate - Senate: Reported from Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-09 - House - House: VOTE: PASSAGE (97-Y 1-N) (Y: 99 N: 1 NV: 2 Abs: 0) [PASS]
2012-02-06 - House - House: Reported from Finance with amendment (20-Y 2-N) (Y: 21 N: 2 NV: 0 Abs: 0) [PASS]
2012-02-01 - House - House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N) (Y: 10 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-16 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-15 - Senate - Senate: Reported from Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-09 - House - House: VOTE: PASSAGE (97-Y 1-N) (Y: 99 N: 1 NV: 2 Abs: 0) [PASS]
2012-02-06 - House - House: Reported from Finance with amendment (20-Y 2-N) (Y: 21 N: 2 NV: 0 Abs: 0) [PASS]
2012-02-01 - House - House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N) (Y: 10 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-06 | Governor: Acts of Assembly Chapter text (CHAP0086) | |
| 2012-03-06 | Governor: Approved by Governor-Chapter 86 (effective 7/1/12) | |
| 2012-02-22 | Senate: Signed by President | |
| 2012-02-21 | House: Signed by Speaker | |
| 2012-02-21 | House: Bill text as passed House and Senate (HB154ER) | |
| 2012-02-21 | House: Enrolled | |
| 2012-02-17 | Senate: Passed Senate (40-Y 0-N) | |
| 2012-02-17 | Senate: Read third time | |
| 2012-02-16 | Senate: Constitutional reading dispensed (39-Y 0-N) | |
| 2012-02-15 | Senate: Reported from Finance (15-Y 0-N) | |
| 2012-02-10 | Senate: Referred to Committee on Finance | |
| 2012-02-10 | Senate: Constitutional reading dispensed | |
| 2012-02-09 | House: VOTE: PASSAGE (97-Y 1-N) | |
| 2012-02-09 | House: Read third time and passed House (97-Y 1-N) | |
| 2012-02-08 | House: Printed as engrossed 12101414D-E | |
| 2012-02-08 | House: Engrossed by House as amended HB154E | |
| 2012-02-08 | House: Committee amendment agreed to | |
| 2012-02-08 | House: Read second time | |
| 2012-02-07 | House: Read first time | |
| 2012-02-06 | House: Reported from Finance with amendment (20-Y 2-N) | |
| 2012-02-01 | House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N) | |
| 2012-01-12 | House: Assigned Finance sub: Subcommittee #2 | |
| 2012-01-05 | House: Referred to Committee on Finance | |
| 2012-01-05 | House: Prefiled and ordered printed; offered 01/11/12 12101414D |
Same As/Similar To
SB49 (Same As) 2012-04-06 - Governor: Acts of Assembly Chapter text (CHAP0666)
