Income tax, corporate; real estate investment trusts. (HB2504)

Introduced By

Del. Kris Amundson (D-Mount Vernon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Corporate income tax; real estate investment trusts. Includes certain dividend income in calculating the Virginia taxable income of "Captive Real Estate Investment Trusts (REITs)" to be certain their income is taxed in the same manner as any other corporation's shareholders/owners. Read the Bill »


Bill Has Passed


01/15/2009Presented and ordered printed 091911818
01/15/2009Referred to Committee on Finance
01/19/2009Impact statement from TAX (HB2504)
01/20/2009Assigned Finance sub: 1
01/28/2009Subcommittee recommends reporting
02/02/2009Reported from Finance (12-Y 10-N) (see vote tally)
02/03/2009Read first time
02/04/2009Read second time
02/04/2009Passed by for the day
02/05/2009Read second time
02/05/2009Amendment by Delegate Amundson agreed to
02/05/2009Engrossed by House as amended HB2504E
02/05/2009Printed as engrossed 091911818-E
02/06/2009Read third time and passed House (76-Y 22-N)
02/06/2009VOTE: --- PASSAGE (76-Y 22-N) (see vote tally)
02/09/2009Constitutional reading dispensed
02/09/2009Referred to Committee on Finance
02/12/2009Impact statement from TAX (HB2504E)
02/17/2009Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/17/2009Committee substitute printed 092928212-S1
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 092928212-S1
02/18/2009Engrossed by Senate - committee substitute HB2504S1
02/18/2009Passed Senate with substitute (40-Y 0-N) (see vote tally)
02/18/2009Placed on Calendar
02/18/2009Senate substitute rejected by House (4-Y 84-N)
02/18/2009VOTE: --- REJECTED (4-Y 84-N) (see vote tally)
02/18/2009Senate insisted on amendment (40-Y 0-N) (see vote tally)
02/18/2009Senate requested conference committee
02/18/2009House acceded to request
02/18/2009Conferees appointed by Senate
02/18/2009Senators: Whipple, Reynolds, Quayle
02/18/2009Conferees appointed by House
02/18/2009Delegates: Amundson, Massie, Orrock
02/20/2009Conference substitute printed 091954352-H1
02/23/2009Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
02/23/2009Conference report agreed to by House (67-Y 33-N)
02/23/2009VOTE: --- ADOPTION (67-Y 33-N) (see vote tally)
02/28/2009Bill text as passed House and Senate (HB2504ER)
02/28/2009Signed by Speaker
02/28/2009Signed by President
03/06/2009Impact statement from TAX (HB2504ER)
03/27/2009G Approved by Governor-Chapter 426 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0426)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 6 minutes.

Duplicate Bills

The following bills are identical to this one: SB1147.