Income tax, corporate; taxable income of taxpayers with enterprise data center operations. (HB2162)
Introduced By
Del. Tim Hugo (R-Centreville) with support from co-patron Del. Mark Keam (D-Vienna)
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 |
---|---|
01/14/2015 | Committee |
01/14/2015 | Prefiled and ordered printed; offered 01/14/15 15102105D |
01/14/2015 | Referred to Committee on Finance |
01/27/2015 | Assigned Finance sub: Subcommittee #3 |
01/29/2015 | Impact statement from TAX (HB2162) |
01/30/2015 | Subcommittee recommends reporting with amendment(s) (5-Y 0-N) |
02/02/2015 | Impact statement from TAX (HB2162) |
02/04/2015 | Reported from Finance with substitute (18-Y 0-N) (see vote tally) |
02/04/2015 | Committee substitute printed 15104761D-H1 |
02/06/2015 | Read first time |
02/09/2015 | Read second time |
02/09/2015 | Committee substitute agreed to 15104761D-H1 |
02/09/2015 | Engrossed by House - committee substitute HB2162H1 |
02/10/2015 | Read third time and passed House (98-Y 0-N 2-A) |
02/10/2015 | VOTE: PASSAGE (98-Y 0-N 2-A) (see vote tally) |
02/11/2015 | Constitutional reading dispensed |
02/11/2015 | Referred to Committee on Finance |
02/13/2015 | Impact statement from TAX (HB2162H1) |
02/17/2015 | Reported from Finance (13-Y 0-N) (see vote tally) |
02/18/2015 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
02/18/2015 | Read third time |
02/18/2015 | Passed Senate (37-Y 0-N) (see vote tally) |
02/23/2015 | Enrolled |
02/23/2015 | Bill text as passed House and Senate (HB2162ER) |
02/23/2015 | Signed by Speaker |
02/24/2015 | Signed by President |
02/25/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
02/25/2015 | Enrolled Bill communicated to Governor on 2/25/15 |
02/25/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
03/02/2015 | Impact statement from TAX (HB2162ER) |
03/17/2015 | G Approved by Governor-Chapter 237 (effective - see bill) |
03/17/2015 | G Approved by Governor-Chapter 237 (effective - 7/1/15 see bill) |
03/17/2015 | G Acts of Assembly Chapter text (CHAP0237) |