Multistate corporations; joint subcommittee to study benefits of adopting a single sales factor. (SJ101)
Introduced By
Sen. Walter Stosch (R-Glen Allen)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
Description
Study; benefits, economic impact, and fiscal impact of adopting a single sales factor to apportion the income of multistate corporations for purposes of the corporation income tax; report. Provides for a joint committee of the Senate Committee on Finance and the House Committee on Finance to study the benefits, economic impact, and fiscal impact of adopting a single sales factor to apportion the income of multistate corporations for purposes of the corporation income tax. The joint committee may form a Single Sales Factor Advisory Work Group consisting of interested parties to assist in the study. Read the Bill »
Status
03/12/2008: Passed the Senate
History
| Date | Action |
|---|---|
| 01/09/2008 | Prefiled and ordered printed; offered 01/09/08 082387332 |
| 01/09/2008 | Referred to Committee on Rules |
| 01/24/2008 | Impact statement from TAX (SJ101) |
| 01/25/2008 | Reported from Rules with amendments |
| 01/28/2008 | Reading waived (40-Y 0-N) (see vote tally) |
| 01/29/2008 | Read second time |
| 01/29/2008 | Reading of amendments waived |
| 01/29/2008 | Committee amendments agreed to |
| 01/29/2008 | Engrossed by Senate as amended SJ101E |
| 01/29/2008 | Printed as engrossed 082387332-E |
| 01/30/2008 | Read third time |
| 01/30/2008 | Agreed to by Senate by voice vote |
| 01/30/2008 | Communicated to House |
| 02/11/2008 | Placed on Calendar |
| 02/11/2008 | Referred to Committee on Rules |
| 02/15/2008 | Impact statement from TAX (SJ101E) |
| 03/03/2008 | Reported from Rules with substitute (15-Y 0-N) |
| 03/04/2008 | Committee substitute printed 087328584-H1 |
| 03/05/2008 | Taken up |
| 03/05/2008 | Committee substitute agreed to 087328584-H1 |
| 03/05/2008 | Engrossed by House - committee substitute SJ101H1 |
| 03/05/2008 | Agreed to by House with substitute BLOCK VOTE (97-Y 0-N) |
| 03/05/2008 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) |
| 03/06/2008 | House substitute agreed to by Senate by voice vote |
| 03/12/2008 | Bill text as passed Senate and House (SJ101ER) |