Virginia House Bill 1978 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 17 2023 - 100% progression
Action: 2023-03-17 - Governor: Acts of Assembly Chapter text (CHAP0038)
Text: Latest bill text (Chaptered) [HTML]

Taxable income apportionment; retail companies. Provides that, beginning with taxable year 2023, affiliated corporations filing on a consolidated basis may elect to apportion the taxable income of all members of the affiliated group using sales factor alone even if one or more members of the affiliated group would be required to use different apportionment factors if filing separate returns. The election is valid only in taxable years for which 80 percent or more of the affiliated group's sales is derived from retail company activities.

Taxable income apportionment; retail companies.

Del. James Leftwich [R]

2023-02-15 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-14 - Senate - Senate: Reported from Finance and Appropriations (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-07 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-03 - House - House: Reported from Appropriations (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-01 - House - House: Reported from Finance (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-30 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-17		Governor: Acts of Assembly Chapter text (CHAP0038)
2023-03-17		Governor: Approved by Governor-Chapter 38 (effective 7/1/23)
2023-03-02		Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-03-02	House	Enrolled Bill communicated to Governor on March 2, 2023
2023-02-21	Senate	Signed by President
2023-02-20	House	Signed by Speaker
2023-02-20	House	Bill text as passed House and Senate (HB1978ER)
2023-02-20	House	Enrolled
2023-02-15	Senate	Passed Senate (40-Y 0-N)
2023-02-15	Senate	Read third time
2023-02-14	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-02-14	Senate	Reported from Finance and Appropriations (15-Y 0-N)
2023-02-08	Senate	Referred to Committee on Finance and Appropriations
2023-02-08	Senate	Constitutional reading dispensed
2023-02-07	House	VOTE: Block Vote Passage (99-Y 0-N)
2023-02-07	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2023-02-06	House	Read second time and engrossed
2023-02-05	House	Read first time
2023-02-03	House	Reported from Appropriations (21-Y 0-N)
2023-02-01	House	Referred to Committee on Appropriations
2023-02-01	House	Reported from Finance (22-Y 0-N)
2023-01-30	House	Subcommittee recommends reporting (8-Y 0-N)
2023-01-19	House	Assigned Finance sub: Subcommittee #1
2023-01-10	House	Referred to Committee on Finance
2023-01-10	House	Prefiled and ordered printed; offered 01/11/23 23102917D

SB1346 (Same As) 2023-03-17 - Governor: Acts of Assembly Chapter text (CHAP0039)

Chapter	Article	Section	Citation Type	Statute Text
58	1	422.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1978
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1978+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1978ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0038+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1978F161+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1978FER161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H1001V0021+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H10V0080+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0079+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1516+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0341+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0457HB1978+HB1978
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0467HB1978+HB1978