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