Virginia House Bill 460 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on March 30 2012 - 100% progression
Action: 2012-03-30 - Governor: Acts of Assembly Chapter text (CHAP0427)
Text: Latest bill text (Chaptered) [HTML]

Corporate income tax; single sales factor apportionment for income of manufacturers. Repeals the penalties that would have been assessed on any manufacturer that elected the single sales factor apportionment for income and that did not maintain certain employment levels. The bill also would only require a manufacturer that elected the single sales factor apportionment to pay additional taxes and interest if its average annual employment falls below 90 percent of the base year employment, or if the average wage of its employees is less than the state or local average weekly wage.

Income tax, corporate; basis by which TAX shall assess manufacturing companies with additional tax.

Del. Kathy Byron [R]

Del. Gordon Helsel [R]

2012-03-05 - House - House: VOTE: ADOPTION (98-Y 0-N) (Y: 100 N: 0 NV: 2 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Passed Senate with substitute (40-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Passed Senate with substitute (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-28 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-09 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 100 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-06 - House - House: Reported from Finance (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-03-30		Governor: Acts of Assembly Chapter text (CHAP0427)
2012-03-30		Governor: Approved by Governor-Chapter 427 (effective 7/1/12)
2012-03-09		Senate: Signed by President
2012-03-08		House: Signed by Speaker
2012-03-08		House: Bill text as passed House and Senate (HB460ER)
2012-03-08		House: Enrolled
2012-03-05		House: VOTE: ADOPTION (98-Y 0-N)
2012-03-05		House: Senate substitute agreed to by House 12105707D-S1 (98-Y 0-N)
2012-03-02		House: Placed on Calendar
2012-03-01		Senate: Passed Senate with substitute (40-Y 0-N)
2012-03-01		Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
2012-03-01		Senate: Passed Senate with substitute (40-Y 0-N)
2012-03-01		Senate: Engrossed by Senate - committee substitute HB460S1
2012-03-01		Senate: Committee substitute agreed to 12105707D-S1
2012-03-01		Senate: Reading of substitute waived
2012-03-01		Senate: Read third time
2012-02-29		Senate: Constitutional reading dispensed (40-Y 0-N)
2012-02-28		Senate: Committee substitute printed 12105707D-S1
2012-02-28		Senate: Reported from Finance with substitute (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: BLOCK VOTE PASSAGE (98-Y 0-N)
2012-02-09		House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
2012-02-08		House: Read second time and engrossed
2012-02-07		House: Read first time
2012-02-06		House: Reported from Finance (22-Y 0-N)
2012-01-20		House: Assigned Finance sub: #2
2012-01-10		House: Referred to Committee on Finance
2012-01-10		House: Prefiled and ordered printed; offered 01/11/12 12102883D

Chapter	Article	Section	Citation Type	Statute Text
58	1	422	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB460
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB460+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB460S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB460ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0427+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H10V0164+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0562+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0231+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0751HB0460+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0798HB0460+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0820HB0460+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0821HB0460+HB0460
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV1383+HB0460