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]
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.
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]
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
Date | Chamber | Action |
---|---|---|
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 | |
2023-03-02 | Senate | 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 | Senate | Bill text as passed Senate and House (SB1346ER) |
2023-02-20 | Senate | Enrolled |
2023-02-15 | House | VOTE: Block Vote Passage (98-Y 0-N) |
2023-02-15 | House | Passed House BLOCK VOTE (98-Y 0-N) |
2023-02-15 | House | Read third time |
2023-02-14 | House | Read second time |
2023-02-14 | House | Reported from Finance (17-Y 0-N) |
2023-02-10 | House | Referred to Committee on Finance |
2023-02-10 | House | Read first time |
2023-02-10 | House | Placed on Calendar |
2023-02-07 | Senate | Read third time and passed Senate (36-Y 4-N) |
2023-02-06 | Senate | Read second time and engrossed |
2023-02-03 | Senate | Constitutional reading dispensed (38-Y 0-N) |
2023-02-02 | Senate | Reported from Finance and Appropriations (9-Y 7-N) |
2023-01-11 | Senate | Referred to Committee on Finance and Appropriations |
2023-01-11 | Senate | Prefiled 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)