Income tax, corporate; apportionment for manufacturers. (HB1514)

Introduced By

Del. Kathy Byron (R-Lynchburg)

Progress

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

Description

Corporate income tax; apportionment for manufacturers. Allows manufacturers to elect an apportionment formula of multiplying their income by the sales factor or using the formula prescribed for other businesses, whether the manufacturers have a sales factor or not. The provisions of the bill would be effective July 1, 2010. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2008Presented and ordered printed 088887448
01/17/2008Referred to Committee on Finance
01/22/2008Assigned Finance sub: 3
01/28/2008Impact statement from TAX (HB1514)
02/04/2008Reported from Finance with amendment (20-Y 0-N) (see vote tally)
02/04/2008Referred to Committee on Appropriations
02/05/2008Assigned App. sub: Technology Oversight & Government Activities (Landes)
02/06/2008Reported from Appropriations with amendment (24-Y 0-N) (see vote tally)
02/08/2008Read first time
02/11/2008Read second time
02/11/2008Committee amendment from Finance agreed to
02/11/2008Committee amendment from Appropriations agreed to
02/11/2008Engrossed by House as amended HB1514E
02/11/2008Printed as engrossed 088887448-E
02/12/2008Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/12/2008VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/12/2008Communicated to Senate
02/13/2008Constitutional reading dispensed
02/13/2008Referred to Committee on Finance
02/22/2008Impact statement from TAX (HB1514E)
02/26/2008Continued to 2009 in Finance (9-Y 7-N) (see vote tally)
12/05/2008Left in Finance