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2003 SESSION

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SB 1049 Income tax; conformity of terms to the Internal Revenue Code.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Income tax; conformity of terms to the Internal Revenue Code. Selectively deconforms Virginia's tax code from the Internal Revenue Code by deconforming from the special 30-percent bonus depreciation and the 5-year net operating loss carry-back for certain losses provided in the Job Creation and Worker Assistance Act of 2002, P. L. 107-147. The bill applies to taxable years beginning on or after January 1, 2001. This bill contains an emergency clause. This bill is identical to HB 2455.

FULL TEXT

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 039050836  pdf | impact statement
• 01/22/03  Senate: Committee substitute printed 035407408-S1  pdf | impact statement
• 02/24/03  Senate: Bill text as passed Senate and House (SB1049ER)  pdf | impact statement
• 03/24/03  Governor: Acts of Assembly Chapter text (CHAP0163)  pdf

HISTORY

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 039050836
• 01/08/03  Senate: Referred to Committee on Finance
• 01/22/03  Senate: Reported from Finance with substitute (13-Y 0-N)
• 01/22/03  Senate: Committee substitute printed 035407408-S1
• 01/23/03  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/23/03  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 01/24/03  Senate: Read second time
• 01/24/03  Senate: Reading of substitute waived
• 01/24/03  Senate: Committee substitute agreed to 035407408-S1
• 01/24/03  Senate: Emergency clause added
• 01/24/03  Senate: Engrossed by Senate - committee substitute 035407408-S1
• 01/27/03  Senate: Read third time and passed Senate (39-Y 0-N)
• 01/27/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 01/27/03  Senate: Communicated to House
• 01/30/03  House: Placed on Calendar
• 01/30/03  House: Read first time
• 01/30/03  House: Referred to Committee on Finance
• 02/10/03  House: Reported from Finance (21-Y 1-N)
• 02/11/03  House: Read second time
• 02/12/03  House: Read third time
• 02/12/03  House: Passed House (96-Y 2-N)
• 02/12/03  House: VOTE: PASSAGE EMERGENCY (96-Y 2-N)
• 02/24/03  Senate: Bill text as passed Senate and House (SB1049ER)
• 02/26/03  House: Enrolled
• 02/26/03  House: Signed by Speaker
• 02/27/03  Senate: Signed by President
• 03/16/03  Governor: Approved by Governor-Chapter 163 (effective 3/16/03)
• 03/24/03  Governor: Acts of Assembly Chapter text (CHAP0163)