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

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101118D
01/11/2022Referred to Committee on Finance
01/19/2022Assigned Finance sub: Subcommittee #1
02/04/2022Impact statement from TAX (HB348)
02/07/2022Subcommittee recommends reporting (9-Y 0-N)
02/07/2022Reported from Finance (21-Y 0-N) (see vote tally)
02/09/2022Read first time
02/10/2022Read second time and engrossed
02/11/2022Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/11/2022VOTE: Passage (99-Y 0-N) (see vote tally)
02/14/2022Constitutional reading dispensed
02/14/2022Referred to Committee on Finance and Appropriations
03/01/2022Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally)
03/01/2022Committee substitute printed 22107280D-S1
03/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/02/2022Read third time
03/02/2022Reading of substitute waived
03/02/2022Committee substitute agreed to 22107280D-S1
03/02/2022Engrossed by Senate - committee substitute HB348S1
03/02/2022Passed Senate with substitute (40-Y 0-N) (see vote tally)
03/02/2022Senate substitute rejected by House 22107280D-S1 (0-Y 98-N)
03/02/2022VOTE: Rejected (0-Y 98-N) (see vote tally)
03/02/2022Senate insisted on substitute (39-Y 0-N) (see vote tally)
03/02/2022Senate requested conference committee
03/02/2022House acceded to request
03/02/2022Conferees appointed by House
03/02/2022Delegates: Watts, Coyner, Byron
03/02/2022Conferees appointed by Senate
03/02/2022Senators: Saslaw, Barker, Vogel
03/11/2022C Amended by conference committee
03/11/2022Conference report agreed to by Senate (40-Y 0-N) (see vote tally)
03/11/2022Conference report agreed to by House (96-Y 0-N)
03/11/2022VOTE: Adoption (96-Y 0-N) (see vote tally)
03/21/2022Enrolled
03/21/2022Bill text as passed House and Senate (HB348ER)
03/21/2022Signed by President
03/22/2022Signed by Speaker
03/22/2022Enrolled Bill communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
03/28/2022Impact statement from TAX (HB348ER)
04/08/2022G Approved by Governor-Chapter 274 (effective 7/1/22)
04/08/2022G Acts of Assembly Chapter text (CHAP0274)

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