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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/14/2009Prefiled and ordered printed; offered 01/14/09 092221448
01/14/2009Referred to Committee on Finance
01/24/2009Impact statement from TAX (HB2437)
02/02/2009Reported from Finance (22-Y 0-N) (see vote tally)
02/02/2009Referred to Committee on Appropriations
02/03/2009Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
02/05/2009Subcommittee recommends reporting
02/06/2009Reported from Appropriations (23-Y 0-N) (see vote tally)
02/08/2009Read first time
02/09/2009Read second time and engrossed
02/10/2009Impact statement from TAX (HB2437)
02/10/2009Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/10/2009Reconsideration of passage agreed to by House
02/10/2009Passed House BLOCK VOTE (99-Y 0-N)
02/10/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/11/2009Constitutional reading dispensed
02/11/2009Referred to Committee on Finance
02/17/2009Committee substitute printed 092931324-S1
02/17/2009Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/18/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/18/2009Read third time
02/18/2009Reading of substitute waived
02/18/2009Committee substitute agreed to 092931324-S1
02/18/2009Engrossed by Senate - committee substitute HB2437S1
02/18/2009Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/18/2009Placed on Calendar
02/18/2009Passed by temporarily
02/18/2009Senate substitute agreed to by House 092931324-S1 (88-Y 0-N)
02/18/2009VOTE: --- ADOPTION (88-Y 0-N) (see vote tally)
02/23/2009Bill text as passed House and Senate (HB2437ER)
02/23/2009Impact statement from TAX (HB2437ER)
02/24/2009Signed by Speaker
02/25/2009Signed by President
03/30/2009Governor's recommendation received by House
04/07/2009Placed on Calendar
04/08/2009Enacted, Chapter 820 (effective 7/1/09)
04/08/2009House concurred in Governor's recommendation (96-Y 0-N)
04/08/2009VOTE: --- ADOPTION (96-Y 0-N) (see vote tally)
04/08/2009Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/08/2009G Governor's recommendation adopted
04/08/2009Reenrolled bill text (HB2437ER2)
04/08/2009Signed by Speaker as reenrolled
04/08/2009Signed by President as reenrolled
04/08/2009Enacted, Chapter 821 (effective 7/1/09)
04/08/2009G Acts of Assembly Chapter text (CHAP0821)
04/14/2009Reenrolled bill text (HB2437ER2)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.


Virginia Interfaith Center for Public Policy, tracking this bill in Photosynthesis, notes:

The Virginia Interfaith Center opposes this bill.

Virginia Biotechnology Association, tracking this bill in Photosynthesis, notes:

VaBIO Supports.

David Wright writes:

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.