Income tax, state; conformity with federal law. (SB462)
Introduced By
Sen. Walter Stosch (R-Glen Allen)
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
Date | Action |
---|---|
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 |
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 12102484D |
01/11/2012 | Referred to Committee on Finance |
01/27/2012 | Impact statement from TAX (SB462) |
02/08/2012 | Reported from Finance with amendments (15-Y 0-N) (see vote tally) |
02/09/2012 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/10/2012 | Read second time |
02/10/2012 | Reading of amendments waived |
02/10/2012 | Committee amendments agreed to |
02/10/2012 | Engrossed by Senate as amended SB462E |
02/10/2012 | Printed as engrossed 12102484D-E |
02/13/2012 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/15/2012 | Placed on Calendar |
02/15/2012 | Read first time |
02/15/2012 | Referred to Committee on Finance |
02/16/2012 | Assigned Finance sub: #2 |
02/20/2012 | Impact statement from TAX (SB462E) |
02/22/2012 | Reported from Finance with substitute (20-Y 0-N) (see vote tally) |
02/22/2012 | Committee substitute printed 12105591D-H1 |
02/24/2012 | Read second time |
02/27/2012 | Read third time |
02/27/2012 | Committee substitute agreed to 12105591D-H1 |
02/27/2012 | Engrossed by House - committee substitute SB462H1 |
02/27/2012 | Passed House with substitute BLOCK VOTE (98-Y 0-N) |
02/27/2012 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/29/2012 | House substitute agreed to by Senate (40-Y 0-N) (see vote tally) |
02/29/2012 | Title replaced 12105591D-H1 |
03/05/2012 | Enrolled |
03/05/2012 | Bill text as passed Senate and House (SB462ER) |
03/05/2012 | Signed by Speaker |
03/07/2012 | Signed by President |
03/08/2012 | Impact statement from TAX (SB462ER) |
03/30/2012 | G Approved by Governor-Chapter 480 (effective 7/1/12) |
03/30/2012 | G Acts of Assembly Chapter text (CHAP0480) |
Video
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 2 minutes.