Income tax, corporate; requires retail companies to use single-sales factor apportionment formula. (HB154)

Introduced By

Del. Lee Ware (R-Powhatan) with support from co-patron Del. Chris Peace (R-Mechanicsville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Apportionment of corporate income tax; retail companies.  Requires retail companies to use an apportionment formula for payment of income taxes of multiplying their income by the sales factor. The provisions of the bill would be effective beginning July 1, 2012, and would be phased in with the apportionment formula having a 100 percent sales factor by 2015. Read the Bill »


Bill Has Passed


01/05/2012Prefiled and ordered printed; offered 01/11/12 12101414D
01/05/2012Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #2
01/31/2012Impact statement from TAX (HB154)
02/01/2012Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
02/06/2012Reported from Finance with amendment (20-Y 2-N) (see vote tally)
02/07/2012Read first time
02/08/2012Read second time
02/08/2012Committee amendment agreed to
02/08/2012Engrossed by House as amended HB154E
02/08/2012Printed as engrossed 12101414D-E
02/09/2012Read third time and passed House (97-Y 1-N)
02/09/2012VOTE: PASSAGE (97-Y 1-N) (see vote tally)
02/10/2012Constitutional reading dispensed
02/10/2012Referred to Committee on Finance
02/14/2012Impact statement from TAX (HB154E)
02/15/2012Reported from Finance (15-Y 0-N) (see vote tally)
02/16/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/17/2012Read third time
02/17/2012Passed Senate (40-Y 0-N) (see vote tally)
02/21/2012Bill text as passed House and Senate (HB154ER)
02/21/2012Impact statement from TAX (HB154ER)
02/21/2012Signed by Speaker
02/22/2012Signed by President
03/06/2012G Approved by Governor-Chapter 86 (effective 7/1/12)
03/06/2012G Acts of Assembly Chapter text (CHAP0086)


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 2 minutes.