Income tax, state; property information and analytics firms, business operations, definitions. (SB346)

Introduced By

Sen. George Barker (D-Alexandria)

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 HB 453.

Outcome

Bill Has Passed

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22102800D
01/11/2022Referred to Committee on Finance and Appropriations
02/10/2022Senate committee, floor amendments and substitutes offered
02/10/2022Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally)
02/10/2022Committee substitute printed 22106138D-S1
02/11/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/12/2022Impact statement from TAX (SB346S1)
02/14/2022Read second time
02/14/2022Reading of substitute waived
02/14/2022Committee substitute agreed to 22106138D-S1
02/14/2022Reading of amendment waived
02/14/2022Amendment by Senator Barker agreed to
02/14/2022Engrossed by Senate - committee substitute with amendment SB346ES1
02/14/2022Printed as engrossed 22106138D-ES1
02/14/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2022Passed Senate (40-Y 0-N) (see vote tally)
02/18/2022Placed on Calendar
02/18/2022Read first time
02/18/2022Referred to Committee on Appropriations
02/23/2022Impact statement from TAX (SB346ES1)
02/23/2022House committee, floor amendments and substitutes offered
02/23/2022Reported from Appropriations with substitute (21-Y 0-N) (see vote tally)
02/23/2022Committee substitute printed 22106936D-H1
02/25/2022Read second time
02/28/2022Read third time
02/28/2022Committee substitute agreed to 22106936D-H1
02/28/2022Engrossed by House - committee substitute SB346H1
02/28/2022Passed House with substitute BLOCK VOTE (99-Y 0-N)
02/28/2022VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
03/02/2022House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
03/02/2022Title replaced 22106936D-H1
03/07/2022Enrolled
03/07/2022Bill text as passed Senate and House (SB346ER)
03/08/2022Signed by President
03/08/2022Signed by Speaker
03/11/2022Impact statement from TAX (SB346ER)
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 257 (effective - see bill)
04/08/2022G Acts of Assembly Chapter text (CHAP0257)

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