Income tax, corporate; tax returns of affiliated corporations. (HB348)
Introduced By
Del. Vivian Watts (D-Annandale) with support from co-patron Del. Joe McNamara (R-Roanoke)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Tax returns of affiliated corporations; permission to change basis of type of return filed. Decreases from 20 years to 12 years the time period for which an affiliated group of corporations must file on the same basis before it may apply to the Tax Commissioner for permission to change the basis of the type of return filed (i) from consolidated to separate or (ii) from separate or combined to consolidated. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/11/2022 | Committee |
01/11/2022 | Prefiled and ordered printed; offered 01/12/22 22101118D |
01/11/2022 | Referred to Committee on Finance |
01/19/2022 | Assigned Finance sub: Subcommittee #1 |
02/04/2022 | Impact statement from TAX (HB348) |
02/07/2022 | Subcommittee recommends reporting (9-Y 0-N) |
02/07/2022 | Reported from Finance (21-Y 0-N) (see vote tally) |
02/09/2022 | Read first time |
02/10/2022 | Read second time and engrossed |
02/11/2022 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
02/11/2022 | VOTE: Passage (99-Y 0-N) (see vote tally) |
02/14/2022 | Constitutional reading dispensed |
02/14/2022 | Referred to Committee on Finance and Appropriations |
03/01/2022 | Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally) |
03/01/2022 | Committee substitute printed 22107280D-S1 |
03/02/2022 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/02/2022 | Read third time |
03/02/2022 | Reading of substitute waived |
03/02/2022 | Committee substitute agreed to 22107280D-S1 |
03/02/2022 | Engrossed by Senate - committee substitute HB348S1 |
03/02/2022 | Passed Senate with substitute (40-Y 0-N) (see vote tally) |
03/02/2022 | Senate substitute rejected by House 22107280D-S1 (0-Y 98-N) |
03/02/2022 | VOTE: Rejected (0-Y 98-N) (see vote tally) |
03/02/2022 | Senate insisted on substitute (39-Y 0-N) (see vote tally) |
03/02/2022 | Senate requested conference committee |
03/02/2022 | House acceded to request |
03/02/2022 | Conferees appointed by House |
03/02/2022 | Delegates: Watts, Coyner, Byron |
03/02/2022 | Conferees appointed by Senate |
03/02/2022 | Senators: Saslaw, Barker, Vogel |
03/11/2022 | C Amended by conference committee |
03/11/2022 | Conference report agreed to by Senate (40-Y 0-N) (see vote tally) |
03/11/2022 | Conference report agreed to by House (96-Y 0-N) |
03/11/2022 | VOTE: Adoption (96-Y 0-N) (see vote tally) |
03/21/2022 | Enrolled |
03/21/2022 | Bill text as passed House and Senate (HB348ER) |
03/21/2022 | Signed by President |
03/22/2022 | Signed by Speaker |
03/22/2022 | Enrolled Bill communicated to Governor on March 22, 2022 |
03/22/2022 | G Governor's Action Deadline 11:59 p.m., April 11, 2022 |
03/28/2022 | Impact statement from TAX (HB348ER) |
04/08/2022 | G Approved by Governor-Chapter 274 (effective 7/1/22) |
04/08/2022 | G Acts of Assembly Chapter text (CHAP0274) |