Income tax, state; conformity with federal law. (HB1153)

Introduced By

Del. Jimmie Massie (R-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; conformity with 199 of the Internal Revenue Code.  Allows the entire amount of the deduction allowed for domestic production activities pursuant to 199 of the Internal Revenue Code to be deducted for Virginia income tax purposes for taxable years beginning on and after January 1, 2012. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/16/2012Committee
01/16/2012Presented and ordered printed 12102482D
01/16/2012Referred to Committee on Finance
01/27/2012Impact statement from TAX (HB1153)
02/03/2012Assigned Finance sub: #2
02/08/2012Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
02/10/2012Reported from Finance with amendments (21-Y 0-N) (see vote tally)
02/12/2012Read first time
02/13/2012Read second time
02/13/2012Committee amendments agreed to
02/13/2012Engrossed by House as amended HB1153E
02/13/2012Printed as engrossed 12102482D-E
02/14/2012Read third time and passed House (99-Y 0-N)
02/14/2012VOTE: PASSAGE (99-Y 0-N) (see vote tally)
02/15/2012Constitutional reading dispensed
02/15/2012Referred to Committee on Finance
02/20/2012Impact statement from TAX (HB1153E)
02/22/2012Reported from Finance with amendment (14-Y 0-N) (see vote tally)
02/23/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/24/2012Read third time
02/24/2012Reading of amendment waived
02/24/2012Committee amendment agreed to
02/24/2012Engrossed by Senate as amended
02/24/2012Passed Senate with amendment (37-Y 0-N) (see vote tally)
02/24/2012Reconsideration of Senate passage agreed to by Senate (38-Y 0-N) (see vote tally)
02/24/2012Passed Senate with amendment (38-Y 0-N) (see vote tally)
02/27/2012Placed on Calendar
02/28/2012Senate amendment rejected by House (2-Y 95-N)
02/28/2012VOTE: REJECTED (2-Y 95-N) (see vote tally)
02/29/2012Senate receded from amendment (40-Y 0-N) (see vote tally)
03/06/2012Enrolled
03/06/2012Bill text as passed House and Senate (HB1153ER)
03/06/2012Signed by Speaker
03/08/2012Impact statement from TAX (HB1153ER)
03/08/2012Signed by President
03/22/2012G Approved by Governor-Chapter 335 (effective 7/1/12)
03/22/2012G Acts of Assembly Chapter text (CHAP0335)

Video

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 45 seconds.

Duplicate Bills

The following bills are identical to this one: SB462.