License tax, local; methodology for deducting certain gross receipts. (HB1961)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Local license tax; methodology for deducting certain gross receipts. Requires the Department of Taxation to promulgate regulations that clarify the appropriate methodology for determining deductible gross receipts attributable to business conducted in another state or a foreign country. The bill requires the regulations to be based on previous Rulings of the Tax Commissioner and the decision of the Supreme Court of Virginia in The Nielsen Company, LLC v. County Board of Arlington County, 289 Va. 79 (2015). In that decision, the Court endorsed the Tax Commissioner's ruling to require manual accounting but to allow payroll apportionment in the event that manual accounting is impossible to use in order to calculate the deduction. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/10/2017 | Committee |
01/10/2017 | Prefiled and ordered printed; offered 01/11/17 17101883D |
01/10/2017 | Referred to Committee on Finance |
01/17/2017 | Impact statement from TAX (HB1961) |
01/17/2017 | Assigned Finance sub: Subcommittee #2 |
01/25/2017 | Subcommittee recommends reporting (10-Y 0-N) |
01/30/2017 | Reported from Finance (22-Y 0-N) (see vote tally) |
01/31/2017 | Read first time |
02/01/2017 | Read second time and engrossed |
02/02/2017 | Read third time and passed House BLOCK VOTE (95-Y 0-N) |
02/02/2017 | VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally) |
02/03/2017 | Constitutional reading dispensed |
02/03/2017 | Referred to Committee on Finance |
02/06/2017 | Impact statement from TAX (HB1961) |
02/08/2017 | Reported from Finance (14-Y 0-N) (see vote tally) |
02/09/2017 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/10/2017 | Read third time |
02/10/2017 | Passed Senate (39-Y 0-N) (see vote tally) |
02/14/2017 | Enrolled |
02/14/2017 | Bill text as passed House and Senate (HB1961ER) |
02/14/2017 | Signed by Speaker |
02/15/2017 | Signed by President |
02/15/2017 | Enrolled Bill communicated to Governor on 2/15/17 |
02/15/2017 | G Governor's Action Deadline Midnight, February 22, 2017 |
02/15/2017 | Impact statement from TAX (HB1961ER) |
02/20/2017 | G Approved by Governor-Chapter 50 (effective 7/1/17) |
02/20/2017 | G Acts of Assembly Chapter text (CHAP0050) |
Video
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 35 seconds.
Transcript
This is a transcript of the video clips in which this bill is discussed.
AYE. THOSE OPPOSED O NO. THE COMMITTEE AMENDMENT IS CURRENTLY WE HAVE WHAT IS AGREED TO SORT OF REFERRED TO AS A FIRST OFFENDER PROGRAM IN THE AREA OF DOMESTIC VIOLENCE. IT ALLOWS SOMEONE WHO HAS NEVER BEEN IN TROUBLE FOR THE OFFENSE BEFORE UPON THEIR CONSENT UPON A FINDING OF THE COURT OR USUALLY BY AGREEMENT TO ENTER INTO A SERIES OF CLASSES AND PROBATION TO TRY AND STOP THE CYCLE OF DOMESTIC VIOLENCE AND AT THE END OF THE PERIOD THE MATTER IS DISMISSED.