Income tax, state; property information and analytics firms, business operations, definitions. (HB453)

Introduced By

Del. Barry Knight (R-Virginia Beach)

Progress

✓
 Introduced
✓
 Passed Committee
✓
 Passed House
✓
 Passed Senate
✓
 Signed by Governor
☐
 Became Law

Description

Income tax; property information and analytics firms. Allows property information and analytics firms that meet certain job creation and investment criteria to use market-based sourcing for the sale of services. The bill also sets forth numerous reporting requirements for such firms and for the Department of Taxation. The provisions of the bill shall not become effective until a memorandum of understanding is signed by a property information and analytics firm and the Virginia Economic Development Partnership Authority. This bill is identical to SB 346. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103618D
01/11/2022Referred to Committee on Appropriations
01/19/2022Assigned App. sub: Commerce Agriculture & Natural Resources
02/02/2022House subcommittee amendments and substitutes offered
02/02/2022House committee, floor amendments and substitutes offered
02/02/2022Subcommittee recommends reporting with substitute (8-Y 0-N)
02/02/2022Committee substitute printed 22105789D-H1
02/02/2022Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
02/04/2022Read first time
02/07/2022Read second time
02/07/2022Committee substitute agreed to 22105789D-H1
02/07/2022Engrossed by House - committee substitute HB453H1
02/07/2022Impact statement from TAX (HB453H1)
02/08/2022Read third time and passed House BLOCK VOTE (98-Y 0-N)
02/08/2022VOTE: Block Vote Passage (98-Y 0-N) (see vote tally)
02/08/2022Reconsideration of passage agreed to by House
02/08/2022Passed House BLOCK VOTE (99-Y 0-N)
02/08/2022VOTE: Block Vote Passage #2 (99-Y 0-N) (see vote tally)
02/09/2022Constitutional reading dispensed
02/09/2022Referred to Committee on Finance and Appropriations
03/01/2022Reported from Finance and Appropriations with substitute (15-Y 0-N) (see vote tally)
03/01/2022Committee substitute printed 22107273D-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 22107273D-S1
03/02/2022Engrossed by Senate - committee substitute HB453S1
03/02/2022Passed Senate with substitute (40-Y 0-N) (see vote tally)
03/02/2022Senate substitute agreed to by House 22107273D-S1 (97-Y 0-N)
03/02/2022VOTE: Adoption (97-Y 0-N) (see vote tally)
03/07/2022Enrolled
03/07/2022Bill text as passed House and Senate (HB453ER)
03/08/2022Signed by Speaker
03/08/2022Signed by President
03/10/2022Impact statement from TAX (HB453ER)
03/11/2022Engrossed by House
03/11/2022Agreed to by House by voice vote
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
04/08/2022G Approved by Governor-Chapter 256 (effective - see bill)
04/08/2022G Acts of Assembly Chapter text (CHAP0256)