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2009 SESSION
HB 2437 Income tax, corporate; apportionment for manufacturers.
Introduced by: Kathy J. Byron | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Corporate income tax; apportionment for manufacturers. Allows manufacturers to elect an apportionment formula of multiplying their income by the sales factor or using the formula prescribed for other businesses, whether the manufacturers have a sales factor or not. The provisions of the bill would be effective beginning July 1, 2011, and would be phased in with the apportionment formula having a 100 percent sales factor by 2014. For certain manufacturers, the election of a single sales factor is conditioned upon employment levels.
FULL TEXT
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 092221448 pdf | impact statement
- 02/17/09 Senate: Committee substitute printed 092931324-S1 pdf
- 02/23/09 House: Bill text as passed House and Senate (HB2437ER) pdf | impact statement
- 04/08/09 House: Reenrolled bill text (HB2437ER2) pdf
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0821) pdf
AMENDMENTS
HISTORY
- 01/14/09 House: Prefiled and ordered printed; offered 01/14/09 092221448
- 01/14/09 House: Referred to Committee on Finance
- 02/02/09 House: Reported from Finance (22-Y 0-N)
- 02/02/09 House: Referred to Committee on Appropriations
- 02/03/09 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/05/09 House: Subcommittee recommends reporting
- 02/06/09 House: Reported from Appropriations (23-Y 0-N)
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time and engrossed
- 02/10/09 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/10/09 House: Reconsideration of passage agreed to by House
- 02/10/09 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/10/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on Finance
- 02/17/09 Senate: Committee substitute printed 092931324-S1
- 02/17/09 Senate: Reported from Finance with substitute (16-Y 0-N)
- 02/18/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/18/09 Senate: Read third time
- 02/18/09 Senate: Reading of substitute waived
- 02/18/09 Senate: Committee substitute agreed to 092931324-S1
- 02/18/09 Senate: Engrossed by Senate - committee substitute HB2437S1
- 02/18/09 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/18/09 House: Placed on Calendar
- 02/18/09 House: Passed by temporarily
- 02/18/09 House: Senate substitute agreed to by House 092931324-S1 (88-Y 0-N)
- 02/18/09 House: VOTE: --- ADOPTION (88-Y 0-N)
- 02/23/09 House: Enrolled
- 02/23/09 House: Bill text as passed House and Senate (HB2437ER)
- 02/24/09 House: Signed by Speaker
- 02/25/09 Senate: Signed by President
- 03/30/09 House: Governor's recommendation received by House
- 04/07/09 House: Placed on Calendar
- 04/08/09 House: House concurred in Governor's recommendation (96-Y 0-N)
- 04/08/09 House: VOTE: --- ADOPTION (96-Y 0-N)
- 04/08/09 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/08/09 Governor: Governor's recommendation adopted
- 04/08/09 House: Reenrolled
- 04/08/09 House: Reenrolled bill text (HB2437ER2)
- 04/08/09 House: Signed by Speaker as reenrolled
- 04/08/09 Senate: Signed by President as reenrolled
- 04/08/09 House: Enacted, Chapter 821 (effective 7/1/09)
- 04/08/09 Governor: Acts of Assembly Chapter text (CHAP0821)