VA HB460 | 2012 | Regular Session
Status
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]
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]
Summary
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.
Title
Income tax, corporate; basis by which TAX shall assess manufacturing companies with additional tax.
Sponsors
Roll Calls
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]
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]
History
| 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 |
