Virginia Senate Bill 386 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 11 2022 - 100% progression
Action: 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0417)
Text: Latest bill text (Chaptered) [HTML]

Corporate income tax returns of affiliated corporations. Provides that, for taxable years 2023 and 2024, certain affiliated corporations may elect to switch to or from consolidated corporate income tax return filing status under certain conditions, including the requirement that the affiliated group filed on the same basis for the preceding 20 years. The option would be available only to a group with at least one affiliate that is a bank exempt from filing a Virginia corporate income tax return. Current law requires a group of corporations to apply to the Tax Commissioner for permission to change the basis of the type of return filed and to meet certain specified requirements in order for permission to be granted.

Income tax, corporate; filing status for tax returns of certain affiliated corporations.

Sen. Ryan McDougle [R]

2022-02-24 - House - House: VOTE: Passage (93-Y 5-N) (Y: 93 N: 5 NV: 0 Abs: 2) [PASS]
2022-02-21 - House - House: Reported from Finance (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-14 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-10 - Senate - Senate: Reported from Finance and Appropriations with amendment (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-04-11		Governor: Acts of Assembly Chapter text (CHAP0417)
2022-04-11		Governor: Approved by Governor-Chapter 417 (effective 7/1/22)
2022-03-11		Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
2022-03-11	Senate	Enrolled Bill Communicated to Governor on March 11, 2022
2022-02-28	House	Signed by Speaker
2022-02-28	Senate	Signed by President
2022-02-28	Senate	Bill text as passed Senate and House (SB386ER)
2022-02-28	Senate	Enrolled
2022-02-24	House	VOTE: Passage (93-Y 5-N)
2022-02-24	House	Passed House (93-Y 5-N)
2022-02-24	House	Read third time
2022-02-23	House	Read second time
2022-02-21	House	Reported from Finance (22-Y 0-N)
2022-02-18	House	Referred to Committee on Finance
2022-02-18	House	Read first time
2022-02-18	House	Placed on Calendar
2022-02-14	Senate	Passed Senate (40-Y 0-N)
2022-02-14	Senate	Constitutional reading dispensed (40-Y 0-N)
2022-02-14	Senate	Printed as engrossed 22101610D-E
2022-02-14	Senate	Engrossed by Senate as amended SB386E
2022-02-14	Senate	Committee amendment agreed to
2022-02-14	Senate	Reading of amendment waived
2022-02-14	Senate	Read second time
2022-02-11	Senate	Constitutional reading dispensed (40-Y 0-N)
2022-02-10	Senate	Reported from Finance and Appropriations with amendment (16-Y 0-N)
2022-01-11	Senate	Referred to Committee on Finance and Appropriations
2022-01-11	Senate	Prefiled and ordered printed; offered 01/12/22 22101610D

HB224 (Same As) 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0416)
HB224 (Same As) 2022-04-11 - Governor: Acts of Assembly Chapter text (CHAP0416)

Chapter	Article	Section	Citation Type	Statute Text
58	1	442	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB386
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB386+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB386E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB386ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0417+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/22105379A.pdf
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?221+amd+SB386AS
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+SB386F161+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+SB386FE161+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+SB386FER161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+S05V0220+SB0386
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+SV0359SB0386+SB0386
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+SV0397SB0386+SB0386
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+SV0398SB0386+SB0386
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H10V0113+SB0386
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+HV1135+SB0386