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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
SB 423 Bank franchise tax.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY:
Bank franchise tax. Eliminates an unnecessary paperwork requirement imposed on banks doing business in the Commonwealth in order to claim a credit on their Virginia bank franchise tax return. State law permits banks to credit against their state tax liability amounts paid to the localities; however, in order to claim the credit, an authenticated receipt from each locality must be produced. Ten or fewer payment errors occur each year. The authenticated receipt requirement imposes an unnecessary paperwork burden on both the taxpayer and the tax jurisdictions involved.
FULL TEXT
- 01/25/94 Senate: Presented and ordered printed pdf
- 03/09/94 Senate: Bill text as passed Senate and House (SB423ER) pdf
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0186) pdf
HISTORY
- 01/25/94 Senate: Presented and ordered printed
- 01/25/94 Senate: Referred to Committee on Finance
- 02/01/94 Senate: Reported from Finance (15-Y 0-N)
- 02/02/94 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/02/94 Senate: VOTE: CONST. READING DISPENSED (38-Y 0-N)
- 02/03/94 Senate: Read second time and engrossed
- 02/03/94 Senate: Constitutional reading dispensed (36-Y 0-N)
- 02/03/94 Senate: VOTE: CONST. READING DISPENSED (36-Y 0-N)
- 02/03/94 Senate: Passed Senate (36-Y 0-N)
- 02/03/94 Senate: VOTE: PASSAGE (36-Y 0-N)
- 02/03/94 Senate: Communicated to House
- 02/04/94 House: Placed on Calendar
- 02/07/94 House: Read first time
- 02/07/94 House: Referred to Committee on Finance
- 02/22/94 House: Assigned to Finance sub-committee: 2
- 02/24/94 House: Reported from Finance (20-Y 0-N)
- 02/25/94 House: Read second time
- 02/28/94 House: Read third time
- 02/28/94 House: Passed House (97-Y 1-N)
- 02/28/94 House: VOTE: PASSAGE (97-Y 1-N)
- 03/09/94 Senate: Bill text as passed Senate and House (SB423ER)
- 03/12/94 House: Enrolled
- 03/12/94 House: Signed by Speaker
- 03/14/94 Senate: Signed by President
- 04/02/94 Governor: Approved by Governor-Chapter 186 (effective 7/1/94)
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0186)