Income tax, corporate; taxable income of taxpayers with enterprise data center operations. (SB1142)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. Amends § 58.1-408, of the Code of Virginia. Read the Bill »


Bill Has Passed


01/13/2015Prefiled and ordered printed; offered 01/14/15 15102488D
01/13/2015Referred to Committee on Finance
01/27/2015Impact statement from TAX (SB1142)
02/02/2015Impact statement from TAX (SB1142)
02/03/2015Committee substitute printed 15104218D-S1
02/03/2015Reported from Finance with substitute (14-Y 0-N) (see vote tally)
02/04/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/05/2015Read second time
02/05/2015Reading of substitute waived
02/05/2015Committee substitute agreed to 15104218D-S1
02/05/2015Engrossed by Senate - committee substitute SB1142S1
02/05/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/05/2015Passed Senate (37-Y 0-N) (see vote tally)
02/09/2015Placed on Calendar
02/09/2015Read first time
02/09/2015Referred to Committee on Finance
02/10/2015Impact statement from TAX (SB1142S1)
02/11/2015Reported from Finance (21-Y 0-N) (see vote tally)
02/12/2015Read second time
02/13/2015Read third time
02/13/2015Passed House (94-Y 0-N 2-A)
02/13/2015VOTE: PASSAGE (94-Y 0-N 2-A) (see vote tally)
02/17/2015Bill text as passed Senate and House (SB1142ER)
02/17/2015Signed by Speaker
02/20/2015Signed by President
02/23/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/23/2015Enrolled Bill Communicated to Governor on 2/23/15
02/23/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/02/2015Impact statement from TAX (SB1142ER)
03/10/2015G Approved by Governor-Chapter 92 (effective - see bill)
03/10/2015G Acts of Assembly Chapter text (CHAP0092)


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 50 seconds.