Legislation

Altering the formula used to apportion income to the State for certain corporations that carry on a trade or business within and outside the State; authorizing certain corporations to elect to use a certain formula to apportion certain income; requiring certain corporations to apportion certain income from certain intangible investments in a certain manner; and applying the Act to taxable years beginning after December 31, 2017.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Details

Introduced in a prior session as: HB1252 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 3/02/2018 Legislative Date 3/02/2018 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Single Sales Factor Apportionment Proceedings
Chamber House Calendar Date 3/05/2018 Legislative Date 3/05/2018 Action Rereferred to Ways and Means Proceedings
Chamber House Calendar Date 3/06/2018 Legislative Date 3/06/2018 Action Hearing 3/13 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 4/05/2018 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Favorable with Amendments {985565/1 Adopted Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Floor Amendment {203722/1 (Delegate Ghrist) Rejected (61-66) Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Floor Committee Amendment {525862/1 Adopted Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Second Reading Passed with Amendments Proceedings 61AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporate Income Tax - Single Sales Factor Apportionment Proceedings
Chamber House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Third Reading Passed (88-47) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2018 Legislative Date 4/01/2018 Action Referred Rules Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/09/2018 Action Rereferred to Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/09/2018 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/03/2018 Action Favorable Adopted Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/03/2018 Action Second Reading Passed Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/04/2018 Action Third Reading Passed (40-5) Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/09/2018 Legislative Date 4/05/2018 Action Returned Passed Proceedings 70 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/24/2018 Legislative Date 4/24/2018 Action Approved by the Governor - Chapter 342 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Corporate Income Tax - Single Sales Factor Apportionment Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	3/02/2018	3/02/2018	First Reading House Rules and Executive Nominations
			Text - First - Corporate Income Tax - Single Sales Factor Apportionment
House	3/05/2018	3/05/2018	Rereferred to Ways and Means
House	3/06/2018	3/06/2018	Hearing 3/13 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/05/2018	4/05/2018	Favorable with Amendments Report by Ways and Means
House	4/05/2018	3/27/2018	Favorable with Amendments {985565/1 Adopted	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Floor Amendment {203722/1 (Delegate Ghrist) Rejected (61-66)	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Floor Committee Amendment {525862/1 Adopted	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Second Reading Passed with Amendments	61AClick to view Recorded Media
			Text - Third - Corporate Income Tax - Single Sales Factor Apportionment
House	4/06/2018	3/28/2018	Third Reading Passed (88-47)	62 Click to view Recorded Media
Senate	4/06/2018	4/01/2018	Referred Rules	63 Click to view Recorded Media
Senate	4/09/2018	4/09/2018	Rereferred to Budget and Taxation
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/09/2018	4/09/2018	Favorable Report by Budget and Taxation
Senate	4/09/2018	4/03/2018	Favorable Adopted	65 Click to view Recorded Media
Senate	4/09/2018	4/03/2018	Second Reading Passed	65 Click to view Recorded Media
Senate	4/09/2018	4/04/2018	Third Reading Passed (40-5)	66 Click to view Recorded Media
House	4/09/2018	4/05/2018	Returned Passed	70 Click to view Recorded Media
Post Passage	4/24/2018	4/24/2018	Approved by the Governor - Chapter 342
			Text - Chapter - Corporate Income Tax - Single Sales Factor Apportionment

File Code

Subjects

Statutes