License tax, local; methodology for deducting certain gross receipts. (HB1961)

Introduced By

Del. Tim Hugo (R-Centreville)

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

Bill Has Passed

History

DateAction
01/10/2017Committee
01/10/2017Prefiled and ordered printed; offered 01/11/17 17101883D
01/10/2017Referred to Committee on Finance
01/17/2017Impact statement from TAX (HB1961)
01/17/2017Assigned Finance sub: Subcommittee #2
01/25/2017Subcommittee recommends reporting (10-Y 0-N)
01/30/2017Reported from Finance (22-Y 0-N) (see vote tally)
01/31/2017Read first time
02/01/2017Read second time and engrossed
02/02/2017Read third time and passed House BLOCK VOTE (95-Y 0-N)
02/02/2017VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally)
02/03/2017Constitutional reading dispensed
02/03/2017Referred to Committee on Finance
02/06/2017Impact statement from TAX (HB1961)
02/08/2017Reported from Finance (14-Y 0-N) (see vote tally)
02/09/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2017Read third time
02/10/2017Passed Senate (39-Y 0-N) (see vote tally)
02/14/2017Enrolled
02/14/2017Bill text as passed House and Senate (HB1961ER)
02/14/2017Signed by Speaker
02/15/2017Signed by President
02/15/2017Enrolled Bill communicated to Governor on 2/15/17
02/15/2017G Governor's Action Deadline Midnight, February 22, 2017
02/15/2017Impact statement from TAX (HB1961ER)
02/20/2017G Approved by Governor-Chapter 50 (effective 7/1/17)
02/20/2017G 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.