Income tax, corporate; apportionment for manufacturers. (HB2437)
Introduced By
Del. Kathy Byron (R-Lynchburg) with support from 13 copatrons, whose average partisan position is:
Those copatrons are Del. Watkins Abbitt (I-Appomattox), Del. Ward Armstrong (D-Martinsville), Del. Ben Cline (R-Amherst), Del. Mark Cole (R-Fredericksburg), Del. Danny Marshall (R-Danville), Del. Jimmie Massie (R-Richmond), Del. Don Merricks (R-Danville), Del. Dave Nutter (R-Christiansburg), Del. Chris Peace (R-Mechanicsville), Del. Albert Pollard (D-Lively), Sen. Robert Hurt (R-Chatham), Sen. Walter Stosch (R-Glen Allen), Sen. Frank Wagner (R-Virginia Beach)
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 beginning July 1, 2010, and would be phased in with the apportionment formula having a 100 percent sales factor by 2013. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/14/2009 | Committee |
01/14/2009 | Prefiled and ordered printed; offered 01/14/09 092221448 |
01/14/2009 | Referred to Committee on Finance |
01/24/2009 | Impact statement from TAX (HB2437) |
02/02/2009 | Reported from Finance (22-Y 0-N) (see vote tally) |
02/02/2009 | Referred to Committee on Appropriations |
02/03/2009 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
02/05/2009 | Subcommittee recommends reporting |
02/06/2009 | Reported from Appropriations (23-Y 0-N) (see vote tally) |
02/08/2009 | Read first time |
02/09/2009 | Read second time and engrossed |
02/10/2009 | Impact statement from TAX (HB2437) |
02/10/2009 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/10/2009 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/10/2009 | Reconsideration of passage agreed to by House |
02/10/2009 | Passed House BLOCK VOTE (99-Y 0-N) |
02/10/2009 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
02/11/2009 | Constitutional reading dispensed |
02/11/2009 | Referred to Committee on Finance |
02/17/2009 | Committee substitute printed 092931324-S1 |
02/17/2009 | Reported from Finance with substitute (16-Y 0-N) (see vote tally) |
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 092931324-S1 |
02/18/2009 | Engrossed by Senate - committee substitute HB2437S1 |
02/18/2009 | Passed Senate with substitute (40-Y 0-N) (see vote tally) |
02/18/2009 | Placed on Calendar |
02/18/2009 | Passed by temporarily |
02/18/2009 | Senate substitute agreed to by House 092931324-S1 (88-Y 0-N) |
02/18/2009 | VOTE: --- ADOPTION (88-Y 0-N) (see vote tally) |
02/23/2009 | Enrolled |
02/23/2009 | Bill text as passed House and Senate (HB2437ER) |
02/23/2009 | Impact statement from TAX (HB2437ER) |
02/24/2009 | Signed by Speaker |
02/25/2009 | Signed by President |
03/30/2009 | Governor's recommendation received by House |
04/07/2009 | Placed on Calendar |
04/08/2009 | Enacted, Chapter 820 (effective 7/1/09) |
04/08/2009 | House concurred in Governor's recommendation (96-Y 0-N) |
04/08/2009 | VOTE: --- ADOPTION (96-Y 0-N) (see vote tally) |
04/08/2009 | Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally) |
04/08/2009 | G Governor's recommendation adopted |
04/08/2009 | Reenrolled |
04/08/2009 | Reenrolled bill text (HB2437ER2) |
04/08/2009 | Signed by Speaker as reenrolled |
04/08/2009 | Signed by President as reenrolled |
04/08/2009 | Enacted, Chapter 821 (effective 7/1/09) |
04/08/2009 | G Acts of Assembly Chapter text (CHAP0821) |
04/14/2009 | Reenrolled |
04/14/2009 | Reenrolled bill text (HB2437ER2) |
Comments
The Virginia Interfaith Center opposes this bill.
VaBIO Supports.
I support this bill. The manufacturing sector is critical to the future of Virginia and so is the ability of its residents to find and keep their JOBS.