Income tax, corporate; real estate investment trusts. (HB2504)

Introduced By

Progress

√	Introduced
√	Passed Committee
√	Passed House
√	Passed Senate
√	Signed by Governor
√	Became Law

Description

Corporate income tax; real estate investment trusts. Includes certain dividend income in calculating the Virginia taxable income of "Captive Real Estate Investment Trusts (REITs)" to be certain their income is taxed in the same manner as any other corporation's shareholders/owners. Amends § 58.1-402 (“Virginia taxable income.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

View Bill's History

01/15/2009 Committee
01/15/2009 Presented and ordered printed 091911818
01/15/2009 Referred to Committee on Finance
01/19/2009 Impact statement from TAX (HB2504)
01/20/2009 Assigned Finance sub: 1
01/28/2009 Subcommittee recommends reporting
02/02/2009 Reported from Finance (12-Y 10-N) (see vote tally)
02/03/2009 Read first time
02/04/2009 Read second time
02/04/2009 Passed by for the day
02/05/2009 Read second time
02/05/2009 Amendment by Delegate Amundson agreed to
02/05/2009 Engrossed by House as amended HB2504E
02/05/2009 Printed as engrossed 091911818-E
02/06/2009 Read third time and passed House (76-Y 22-N)
02/06/2009 VOTE: --- PASSAGE (76-Y 22-N) (see vote tally)
02/09/2009 Constitutional reading dispensed
02/09/2009 Referred to Committee on Finance
02/12/2009 Impact statement from TAX (HB2504E)
02/17/2009 Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/17/2009 Committee substitute printed 092928212-S1
02/18/2009 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/18/2009 Read third time
02/18/2009 Reading of substitute waived
02/18/2009 Committee substitute agreed to 092928212-S1
02/18/2009 Engrossed by Senate - committee substitute HB2504S1
02/18/2009 Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/18/2009 Placed on Calendar
02/18/2009 Senate substitute rejected by House (4-Y 84-N)
02/18/2009 VOTE: --- REJECTED (4-Y 84-N) (see vote tally)
02/18/2009 Senate insisted on amendment (40-Y 0-N) (see vote tally)
02/18/2009 Senate requested conference committee
02/18/2009 House acceded to request
02/18/2009 Conferees appointed by Senate
02/18/2009 Senators: Whipple, Reynolds, Quayle
02/18/2009 Conferees appointed by House
02/18/2009 Delegates: Amundson, Massie, Orrock
02/20/2009 Conference substitute printed 091954352-H1
02/23/2009 Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
02/23/2009 Conference report agreed to by House (67-Y 33-N)
02/23/2009 VOTE: --- ADOPTION (67-Y 33-N) (see vote tally)
02/28/2009 Enrolled
02/28/2009 Bill text as passed House and Senate (HB2504ER)
02/28/2009 Signed by Speaker
02/28/2009 Signed by President
03/06/2009 Impact statement from TAX (HB2504ER)
03/27/2009 G Approved by Governor-Chapter 426 (effective 7/1/09)
03/27/2009 G Acts of Assembly Chapter text (CHAP0426)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 7 minutes. Click the image of the video to play it.

Duplicate Bills

The following bills are identical duplicates of this one: SB1147.

Poll Results

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Bill Text

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