Income tax, state; reporting requirements for partnerships. (HB1417)

Introduced By

Del. Vivian Watts (D-Annandale)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Income tax; reporting requirements for partnerships. Alters the process by which partnerships report federal tax adjustments to the Department of Taxation. The federal Bipartisan Budget Act of 2015, P.L. 114-74, generally shifted the burden of reporting adjustments from a partnership's investors and owners to the partnership itself. The bill would allow a partnership to report to its owners and investors any information required under Virginia law or to report such information on behalf of its owners and investors. The bill establishes processes and deadlines by which partnerships are required to report such information, and pay any associated taxes, to the Department. Read the Bill »


Bill Has Passed


01/08/2020Prefiled and ordered printed; offered 01/08/20 20102759D
01/08/2020Referred to Committee on Finance
01/29/2020Assigned Finance sub: Subcommittee #3
01/30/2020Impact statement from TAX (HB1417)
01/31/2020Subcommittee recommends reporting with substitute (8-Y 0-N)
02/05/2020Committee substitute printed 20107357D-H1
02/05/2020Reported from Finance with substitute (22-Y 0-N) (see vote tally)
02/06/2020Read first time
02/07/2020Read second time
02/07/2020Committee substitute agreed to 20107357D-H1
02/07/2020Engrossed by House - committee substitute HB1417H1
02/10/2020Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/10/2020VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/11/2020Constitutional reading dispensed
02/11/2020Referred to Committee on Finance and Appropriations
02/17/2020Impact statement from TAX (HB1417H1)
02/25/2020Reported from Finance and Appropriations (15-Y 0-N) (see vote tally)
02/26/2020Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/26/2020Read third time
02/26/2020Passed Senate (40-Y 0-N) (see vote tally)
03/03/2020Bill text as passed House and Senate (HB1417ER)
03/03/2020Signed by Speaker
03/04/2020Impact statement from TAX (HB1417ER)
03/04/2020Signed by President
03/12/2020Enrolled Bill communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/10/2020G Approved by Governor-Chapter 1030 (effective 7/1/20)
04/10/2020G Acts of Assembly Chapter text (CHAP1030)