Income tax, corporate; apportionment of income for manufacturers, exemptions. (SB1364)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Corporate income tax; apportionment of income for manufacturers; defense manufacturers. Exempts defense manufacturers that elect to use single sales factor apportionment for purposes of determining corporate income tax liability in the Commonwealth from the requirement that they maintain certain levels of employment and wages of their full-time employees. The exemption would be applicable for taxable years beginning on and after January 1, 2015, but before January 1, 2021. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/20/2015 | Presented and ordered printed 15103436D |
01/20/2015 | Referred to Committee on Finance |
01/27/2015 | Impact statement from TAX (SB1364) |
01/28/2015 | Reported from Finance with amendments (14-Y 0-N) (see vote tally) |
01/29/2015 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
01/30/2015 | Read second time |
01/30/2015 | Reading of amendments waived |
01/30/2015 | Committee amendments agreed to |
01/30/2015 | Engrossed by Senate as amended SB1364E |
01/30/2015 | Printed as engrossed 15103436D-E |
02/02/2015 | Read third time and passed Senate (37-Y 0-N) (see vote tally) |
02/02/2015 | Reconsideration of passage agreed to by Senate (37-Y 0-N) (see vote tally) |
02/02/2015 | Passed Senate (38-Y 0-N) (see vote tally) |
02/06/2015 | Placed on Calendar |
02/06/2015 | Read first time |
02/06/2015 | Referred to Committee on Finance |
02/10/2015 | Assigned Finance sub: Subcommittee #3 |
02/10/2015 | Impact statement from TAX (SB1364E) |
02/13/2015 | Subcommittee recommends laying on the table |
02/24/2015 | Left in Finance |