Domestic international sales corporations (DISC); exempt from income taxation. (SB515)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)

Progress

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

Description

Domestic international sales corporations; income taxation. Exempts a domestic international sales corporation (DISC) and any income attributable to a DISC from income taxes. Amends § 58.1-401, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Prefiled and ordered printed; offered 01/08/14 14101569D
01/08/2014Referred to Committee on Finance
01/19/2014Impact statement from TAX (SB515)
01/20/2014Impact statement from TAX (SB515)
01/21/2014Reported from Finance with amendments (15-Y 0-N) (see vote tally)
01/22/2014Constitutional reading dispensed (37-Y 0-N)
01/23/2014Read second time
01/23/2014Reading of amendments waived
01/23/2014Committee amendments agreed to
01/23/2014Engrossed by Senate as amended SB515E
01/23/2014Printed as engrossed 14101569D-E
01/24/2014Read third time and passed Senate (37-Y 0-N)
01/29/2014Impact statement from TAX (SB515E)
01/31/2014Placed on Calendar
01/31/2014Read first time
01/31/2014Referred to Committee on Finance
02/17/2014Reported from Finance (21-Y 0-N) (see vote tally)
02/18/2014Read second time
02/19/2014Read third time
02/19/2014Passed House BLOCK VOTE (99-Y 0-N)
02/19/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/21/2014Enrolled
02/21/2014Bill text as passed Senate and House (SB515ER)
02/21/2014Signed by Speaker
02/23/2014Signed by President
03/04/2014Impact statement from TAX (SB515ER)
03/05/2014G Approved by Governor-Chapter 186 (effective 7/1/14)
03/05/2014G Acts of Assembly Chapter text (CHAP0186)