Legislation

Altering the formula used to apportion certain 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 all taxable years beginning after December 31, 2017.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Single Sales Factor Apportionment Proceedings
Chamber Senate Calendar Date 2/15/2018 Legislative Date 2/16/2018 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/16/2018 Legislative Date 2/16/2018 Action Hearing 2/27 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/19/2018 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/16/2018 Action Favorable with Amendments {409330/1 Adopted Proceedings 48BClick to view Recorded Media
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/16/2018 Action Second Reading Passed with Amendments Proceedings 48BClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporate Income Tax - Single Sales Factor Apportionment Proceedings
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/17/2018 Action Third Reading Passed (42-5) Proceedings 48CClick to view Recorded Media
Chamber House Calendar Date 3/20/2018 Legislative Date 3/16/2018 Action Referred Ways and Means Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/22/2018 Legislative Date 3/22/2018 Action Hearing 3/28 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 {795360/1 Adopted Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Floor Committee Amendment {175661/1 Adopted Proceedings 61AClick to view Recorded Media
Chamber House Calendar Date 4/05/2018 Legislative Date 3/27/2018 Action Floor Amendment {863828/1 (Delegate Ghrist) Rejected (65-67) 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 House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Floor Amendment {563228/1 (Delegate Ghrist) Rejected (47-84) Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Floor Amendment {703227/1 (Delegate Adams) Rejected (50-81) Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Floor Amendment {703227/2 (Delegate Adams) Rejected (53-76) Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/06/2018 Legislative Date 3/28/2018 Action Third Reading Passed (88-44) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Senate Concurs House Amendments Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Third Reading Passed (39-6) Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/02/2018 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Corporate Income Tax - Single Sales Factor Apportionment Proceedings
Chamber Post Passage Calendar Date 4/24/2018 Legislative Date 4/24/2018 Action Approved by the Governor - Chapter 341 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Corporate Income Tax - Single Sales Factor Apportionment Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/12/2018	2/12/2018	First Reading Senate Rules
			Text - First - Corporate Income Tax - Single Sales Factor Apportionment
Senate	2/15/2018	2/16/2018	Rereferred to Budget and Taxation
Senate	2/16/2018	2/16/2018	Hearing 2/27 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/19/2018	3/19/2018	Favorable with Amendments Report by Budget and Taxation
Senate	3/19/2018	3/16/2018	Favorable with Amendments {409330/1 Adopted	48BClick to view Recorded Media
Senate	3/19/2018	3/16/2018	Second Reading Passed with Amendments	48BClick to view Recorded Media
			Text - Third - Corporate Income Tax - Single Sales Factor Apportionment
Senate	3/19/2018	3/17/2018	Third Reading Passed (42-5)	48CClick to view Recorded Media
House	3/20/2018	3/16/2018	Referred Ways and Means	50 Click to view Recorded Media
House	3/22/2018	3/22/2018	Hearing 3/28 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 {795360/1 Adopted	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Floor Committee Amendment {175661/1 Adopted	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Floor Amendment {863828/1 (Delegate Ghrist) Rejected (65-67)	61AClick to view Recorded Media
House	4/05/2018	3/27/2018	Second Reading Passed with Amendments	61AClick to view Recorded Media
House	4/06/2018	3/28/2018	Floor Amendment {563228/1 (Delegate Ghrist) Rejected (47-84)	62 Click to view Recorded Media
House	4/06/2018	3/28/2018	Floor Amendment {703227/1 (Delegate Adams) Rejected (50-81)	62 Click to view Recorded Media
House	4/06/2018	3/28/2018	Floor Amendment {703227/2 (Delegate Adams) Rejected (53-76)	62 Click to view Recorded Media
House	4/06/2018	3/28/2018	Third Reading Passed (88-44)	62 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Senate Concurs House Amendments	64 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Third Reading Passed (39-6)	64 Click to view Recorded Media
Senate	4/09/2018	4/02/2018	Passed Enrolled
			Text - Enrolled - Corporate Income Tax - Single Sales Factor Apportionment
Post Passage	4/24/2018	4/24/2018	Approved by the Governor - Chapter 341
			Text - Chapter - Corporate Income Tax - Single Sales Factor Apportionment

File Code

Subjects

Statutes