Non-resident taxpayers; withholding tax paid by pass-through entities. (SB1238)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Withholding tax; pass-through entities. Requires pass-through entities to withhold and remit to the Tax Commissioner an amount equal to four percent of the allocable Virginia taxable income of all nonresident owners of the pass-through entity. A nonresident owner may take as a credit against Virginia income tax due his or its allocable Virginia income tax withheld and remitted to the Tax Commissioner by the pass-through entity. Read the Bill »
Status
03/23/2007: signed by governor
History
Date | Action |
---|---|
01/10/2007 | Prefiled and ordered printed; offered 01/10/07 078943782 |
01/10/2007 | Referred to Committee on Finance |
01/22/2007 | Impact statement from TAX (SB1238) |
01/25/2007 | Constitutional reading dispensed (39-Y 0-N) |
01/26/2007 | Read second time |
01/26/2007 | Reading of amendments waived |
01/26/2007 | Committee amendments agreed to |
01/26/2007 | Engrossed by Senate as amended SB1238E |
01/26/2007 | Printed as engrossed 078943782-E |
01/29/2007 | Read third time and passed Senate (40-Y 0-N) |
01/29/2007 | VOTE: (40-Y 0-N) (see vote tally) |
01/29/2007 | Communicated to House |
02/05/2007 | Placed on Calendar |
02/05/2007 | Read first time |
02/05/2007 | Referred to Committee on Finance |
02/06/2007 | Impact statement from TAX (SB1238E) |
02/12/2007 | Reported from Finance (19-Y 0-N) (see vote tally) |
02/13/2007 | Read second time |
02/14/2007 | Read third time |
02/14/2007 | Passed House BLOCK VOTE (95-Y 0-N) |
02/20/2007 | Enrolled |
02/20/2007 | Bill text as passed Senate and House (SB1238ER) |
02/21/2007 | Signed by Speaker |
02/22/2007 | Signed by President |
03/07/2007 | Impact statement from TAX (SB1238ER) |
03/23/2007 | G Approved by Governor-Chapter 796 (effective 7/1/07) |
04/10/2007 | G Acts of Assembly Chapter text (CHAP0796) |