Income tax, corporate; apportionment of income for manufacturers, exemptions. (SB1364)

Introduced By

Sen. Kenneth Alexander (D-Norfolk)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/20/2015Presented and ordered printed 15103436D
01/20/2015Referred to Committee on Finance
01/27/2015Impact statement from TAX (SB1364)
01/28/2015Reported from Finance with amendments (14-Y 0-N) (see vote tally)
01/29/2015Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/30/2015Read second time
01/30/2015Reading of amendments waived
01/30/2015Committee amendments agreed to
01/30/2015Engrossed by Senate as amended SB1364E
01/30/2015Printed as engrossed 15103436D-E
02/02/2015Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/02/2015Reconsideration of passage agreed to by Senate (37-Y 0-N) (see vote tally)
02/02/2015Passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on Finance
02/10/2015Assigned Finance sub: Subcommittee #3
02/10/2015Impact statement from TAX (SB1364E)
02/13/2015Subcommittee recommends laying on the table
02/24/2015Left in Finance