Income tax withholding; employer penalties. (SB230)
Introduced By
Sen. Kenneth Alexander (D-Norfolk)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax withholding; employer penalties. Codifies provisions in the current general appropriation act that (i) require all employers to electronically file withholding tax returns and (ii) require the annual withholding tax return and employee withholding statements be furnished to the Department of Taxation by January 31 (which date appears in the Code of Virginia as February 28). The general appropriation act allows a waiver from each requirement if the Tax Commissioner finds it creates an unreasonable burden on the employer. The bill establishes new penalties on employers for not filing electronically or not furnishing employee withholding statements by January 31. A penalty of $5 per month is imposed for each delinquent employee withholding statement, not to exceed $30 per withholding statement. A penalty is also imposed for not filing employee withholding statements electronically, at a rate of (i) $5 per employee statement for employers with not more than 50 employees, (ii) $10 per statement for employers with more than 50 but less than 100 employees, and (iii) $20 per statement for employers with 100 or more employees. The bill applies to withholding tax returns and employee withholding statements relating to taxable years beginning on or after January 1, 2016. Read the Bill »
Status
03/14/2016: Passed the General Assembly
History
Date | Action |
---|---|
01/06/2016 | Prefiled and ordered printed; offered 01/13/16 16100744D |
01/06/2016 | Referred to Committee on Finance |
01/19/2016 | Impact statement from TAX (SB230) |
01/26/2016 | Reported from Finance (15-Y 0-N) (see vote tally) |
01/27/2016 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/28/2016 | Read second time and engrossed |
01/29/2016 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/03/2016 | Placed on Calendar |
02/03/2016 | Read first time |
02/03/2016 | Referred to Committee on Finance |
02/04/2016 | Impact statement from TAX (SB230) |
02/16/2016 | Assigned Finance sub: Subcommittee #1 |
02/17/2016 | Subcommittee recommends reporting with amendment(s) (9-Y 0-N) |
02/22/2016 | Reported from Finance with substitute (22-Y 0-N) (see vote tally) |
02/22/2016 | Committee substitute printed 16105604D-H1 |
02/23/2016 | Read second time |
02/24/2016 | Passed by for the day |
02/25/2016 | Read third time |
02/25/2016 | Committee substitute agreed to 16105604D-H1 |
02/25/2016 | Engrossed by House - committee substitute SB230H1 |
02/25/2016 | Passed House with substitute BLOCK VOTE (99-Y 0-N) |
02/25/2016 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
02/25/2016 | Reconsideration of House passage agreed to by House |
02/25/2016 | Passed House with substitute BLOCK VOTE (100-Y 0-N) |
02/25/2016 | VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N) (see vote tally) |
02/29/2016 | House substitute rejected by Senate (0-Y 38-N) (see vote tally) |
03/01/2016 | House insisted on substitute |
03/01/2016 | House requested conference committee |
03/02/2016 | Senate acceded to request (40-Y 0-N) (see vote tally) |
03/02/2016 | Conferees appointed by Senate |
03/02/2016 | Senators: Alexander, McDougle, Vogel |
03/02/2016 | Conferees appointed by House |
03/02/2016 | Delegates: Bloxom, Hugo, Keam |
03/09/2016 | C Amended by conference committee |
03/10/2016 | Conference report agreed to by Senate (40-Y 0-N) (see vote tally) |
03/10/2016 | Conference report agreed to by House (95-Y 0-N) |
03/10/2016 | VOTE: ADOPTION (95-Y 0-N) (see vote tally) |
03/11/2016 | Enrolled |
03/11/2016 | Bill text as passed Senate and House (SB230ER) |
03/11/2016 | Signed by Speaker |
03/14/2016 | Signed by President |
03/16/2016 | Enrolled Bill Communicated to Governor on 3/16/16 |
03/16/2016 | G Governor's Action Deadline Midnight, Sunday, April 10, 2016 |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.
Transcript
This is a transcript of the video clips in which this bill is discussed.
SENATE BILL 230 PASS THE THE HOUSE WITH A SUBSTITUTE. THE SENATOR FROM NORFOLK, I ASK THAT WE REJECT THE SENATOR ALEXANDER. HOUSE SUBSTITUTE. SPEAKING TO THAT MOTION. THE SENATOR HAS THE FLOOR. MR. PRESIDENT, SENATE BILL 230 LEFT THIS CHAMBER THAT WOULD ALLOW THE TAX DEPARTMENT TO PUT SOME PENALTIES ON BUSINESSES THAT ARE LATE IN FILING THEIR W-2 TO CATCH FRAUDULENT TAX RETURNS. BY HAVING THE W-2 IN HAND IS THE BEST PRACTICE TO CATCH FRAUDULENT TAX RETURNS. I RENEW MY MOTION THAT WE REJECT THE AMENDMENT.Del. Bill Howell (R-Fredericksburg): WITH THE RECOMMENDATION THAT IT BE REJECTED THE QUESTION IS SHALL THE SUBSTITUTE ABOUT I AGREED TO. ALL IN FAVOR OF THE MOTION WILL. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.
[Unknown]: AYES 0, NOS 38. AYES 0, NOS 38. THE SUBSTITUTE IS REJECTED. SENATE BILL 493 PASSED THE