VA SB49 | 2012 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on April 6 2012 - 100% progression
Action: 2012-04-06 - Governor: Acts of Assembly Chapter text (CHAP0666)
Text: Latest bill text (Chaptered) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Passed on April 6 2012 - 100% progression
Action: 2012-04-06 - Governor: Acts of Assembly Chapter text (CHAP0666)
Text: Latest bill text (Chaptered) [HTML]
Summary
Apportionment of corporate income tax; retail companies. Requires retail companies to use a formula for apportioning taxable income to the Commonwealth based on multiplying their income by the sales factor. The provisions of the bill would be effective for tax years beginning on or after July 1, 2012, and would be phased in with the apportionment formula having a 100 percent sales factor by 2015.
Title
Income tax, corporate; requires retail companies to use single-sales factor apportionment formula.
Sponsors
Roll Calls
2012-02-27 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 100 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-22 - House - House: Reported from Finance (20-Y 0-N) (Y: 21 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-13 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-09 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-08 - Senate - Senate: Reported from Finance with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-22 - House - House: Reported from Finance (20-Y 0-N) (Y: 21 N: 0 NV: 2 Abs: 0) [PASS]
2012-02-13 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-09 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-02-08 - Senate - Senate: Reported from Finance with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-06 | Governor: Acts of Assembly Chapter text (CHAP0666) | |
| 2012-04-06 | Governor: Approved by Governor-Chapter 666 (effective 7/1/12) | |
| 2012-03-03 | Senate: Signed by President | |
| 2012-03-01 | House: Signed by Speaker | |
| 2012-03-01 | Senate: Bill text as passed Senate and House (SB49ER) | |
| 2012-03-01 | Senate: Enrolled | |
| 2012-02-27 | House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) | |
| 2012-02-27 | House: Passed House BLOCK VOTE (98-Y 0-N) | |
| 2012-02-27 | House: Read third time | |
| 2012-02-24 | House: Read second time | |
| 2012-02-22 | House: Reported from Finance (20-Y 0-N) | |
| 2012-02-16 | House: Assigned Finance sub: #2 | |
| 2012-02-15 | House: Referred to Committee on Finance | |
| 2012-02-15 | House: Read first time | |
| 2012-02-15 | House: Placed on Calendar | |
| 2012-02-13 | Senate: Read third time and passed Senate (40-Y 0-N) | |
| 2012-02-10 | Senate: Printed as engrossed 12101069D-E | |
| 2012-02-10 | Senate: Engrossed by Senate as amended SB49E | |
| 2012-02-10 | Senate: Committee amendment agreed to | |
| 2012-02-10 | Senate: Reading of amendment waived | |
| 2012-02-10 | Senate: Read second time | |
| 2012-02-09 | Senate: Constitutional reading dispensed (39-Y 0-N) | |
| 2012-02-08 | Senate: Reported from Finance with amendment (15-Y 0-N) | |
| 2012-01-04 | Senate: Referred to Committee on Finance | |
| 2012-01-04 | Senate: Prefiled and ordered printed; offered 01/11/12 12101069D |
Same As/Similar To
HB154 (Same As) 2012-03-06 - Governor: Acts of Assembly Chapter text (CHAP0086)
