Income tax, corporate; taxable income of taxpayers with enterprise data center operations. (SB1142)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Apportionment of corporate income tax; data processing and hosting companies and specialized telecommunications companies. Requires data processing and hosting companies and specialized telecommunications companies to use a formula for apportioning taxable income to the Commonwealth based on multiplying their incomes by the sales factor. The provisions of the bill would be effective for taxable years beginning July 1, 2015, and would be phased in with the apportionment formula having a 100 percent sales factor by July 1, 2016. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/13/2015 | Prefiled and ordered printed; offered 01/14/15 15102488D |
01/13/2015 | Referred to Committee on Finance |
01/27/2015 | Impact statement from TAX (SB1142) |
02/02/2015 | Impact statement from TAX (SB1142) |
02/03/2015 | Committee substitute printed 15104218D-S1 |
02/03/2015 | Reported from Finance with substitute (14-Y 0-N) (see vote tally) |
02/04/2015 | Constitutional reading dispensed (37-Y 0-N) (see vote tally) |
02/05/2015 | Read second time |
02/05/2015 | Reading of substitute waived |
02/05/2015 | Committee substitute agreed to 15104218D-S1 |
02/05/2015 | Engrossed by Senate - committee substitute SB1142S1 |
02/05/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
02/05/2015 | Passed Senate (37-Y 0-N) (see vote tally) |
02/09/2015 | Placed on Calendar |
02/09/2015 | Read first time |
02/09/2015 | Referred to Committee on Finance |
02/10/2015 | Impact statement from TAX (SB1142S1) |
02/11/2015 | Reported from Finance (21-Y 0-N) (see vote tally) |
02/12/2015 | Read second time |
02/13/2015 | Read third time |
02/13/2015 | Passed House (94-Y 0-N 2-A) |
02/13/2015 | VOTE: PASSAGE (94-Y 0-N 2-A) (see vote tally) |
02/17/2015 | Enrolled |
02/17/2015 | Bill text as passed Senate and House (SB1142ER) |
02/17/2015 | Signed by Speaker |
02/20/2015 | Signed by President |
02/23/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
02/23/2015 | Enrolled Bill Communicated to Governor on 2/23/15 |
02/23/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
03/02/2015 | Impact statement from TAX (SB1142ER) |
03/10/2015 | G Approved by Governor-Chapter 92 (effective - see bill) |
03/10/2015 | G Acts of Assembly Chapter text (CHAP0092) |