Income tax, corporate; real estate investment trusts. (SB1147)

Introduced By

Sen. Mary Margaret Whipple (D-Arlington)


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


01/13/2009Prefiled and ordered printed; offered 01/14/09 091913818
01/13/2009Referred to Committee on Finance
01/19/2009Impact statement from TAX (SB1147)
02/03/2009Reported from Finance (16-Y 0-N) (see vote tally)
02/04/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/05/2009Read second time and engrossed
02/06/2009Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/10/2009Impact statement from TAX (SB1147)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Finance
02/16/2009Reported from Finance with substitute (16-Y 6-N) (see vote tally)
02/16/2009Committee substitute printed 091952672-H1
02/17/2009Read second time
02/18/2009Read third time
02/18/2009Committee substitute agreed to 091952672-H1
02/18/2009Engrossed by House - committee substitute SB1147H1
02/18/2009Passed House with substitute (76-Y 20-N)
02/18/2009VOTE: --- PASSAGE (76-Y 20-N) (see vote tally)
02/18/2009House substitute rejected by Senate (3-Y 37-N) (see vote tally)
02/18/2009House insisted on substitute
02/18/2009House requested conference committee
02/18/2009Senate acceded to request (38-Y 0-N) (see vote tally)
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 091955412-S1
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 32-N)
02/23/2009VOTE: --- ADOPTION (67-Y 32-N) (see vote tally)
02/28/2009Bill text as passed Senate and House (SB1147ER)
02/28/2009Signed by Speaker
03/04/2009Signed by President
03/06/2009Impact statement from TAX (SB1147ER)
03/27/2009G Approved by Governor-Chapter 558 (effective 7/1/09)
03/27/2009G Acts of Assembly Chapter text (CHAP0558)


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 6 minutes.

Duplicate Bills

The following bills are identical to this one: HB2504.


Nonprofit NoVA, tracking this bill in Photosynthesis, notes: