VA SB1346 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 17 2023 - 100% progression
Action: 2023-03-17 - Governor: Acts of Assembly Chapter text (CHAP0039)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

Taxable income apportionment; retail companies.

Sponsors


Roll Calls

2023-02-15 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2023-02-14 - House - House: Reported from Finance (17-Y 0-N) (Y: 17 N: 0 NV: 0 Abs: 5) [PASS]
2023-02-13 - House - House: Reported from Finance (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-07 - Senate - Senate: Read third time and passed Senate (36-Y 4-N) (Y: 36 N: 4 NV: 0 Abs: 0) [PASS]
2023-02-03 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2023-02-02 - Senate - Senate: Reported from Finance and Appropriations (9-Y 7-N) (Y: 9 N: 7 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-03-17 Governor: Acts of Assembly Chapter text (CHAP0039)
2023-03-17 Governor: Approved by Governor-Chapter 39 (effective 7/1/23)
2023-03-02 Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-03-02SenateEnrolled Bill Communicated to Governor on March 2, 2023
2023-02-21SenateSigned by President
2023-02-20HouseSigned by Speaker
2023-02-20SenateBill text as passed Senate and House (SB1346ER)
2023-02-20SenateEnrolled
2023-02-15HouseVOTE: Block Vote Passage (98-Y 0-N)
2023-02-15HousePassed House BLOCK VOTE (98-Y 0-N)
2023-02-15HouseRead third time
2023-02-14HouseRead second time
2023-02-14HouseReported from Finance (17-Y 0-N)
2023-02-10HouseReferred to Committee on Finance
2023-02-10HouseRead first time
2023-02-10HousePlaced on Calendar
2023-02-07SenateRead third time and passed Senate (36-Y 4-N)
2023-02-06SenateRead second time and engrossed
2023-02-03SenateConstitutional reading dispensed (38-Y 0-N)
2023-02-02SenateReported from Finance and Appropriations (9-Y 7-N)
2023-01-11SenateReferred to Committee on Finance and Appropriations
2023-01-11SenatePrefiled and ordered printed; offered 01/11/23 23102545D

Same As/Similar To

HB1978 (Same As) 2023-03-17 - Governor: Acts of Assembly Chapter text (CHAP0038)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
581422.1(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1346
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1346+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1346ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0039+hil
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1346F161+PDF
Supplementhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1346FER161+PDF
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0250+SB1346
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0243SB1346+SB1346
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0338SB1346+SB1346
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H10V0142+SB1346
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H10V0145+SB1346
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1815+SB1346

Bill Comments

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