SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1999 SESSION
HB 1818 Corporate income tax; apportionment.
Introduced by: Eric I. Cantor | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Corporate income tax; apportionment. Revises the formula for calculating the portion of a corporation's income that is subject to the Virginia corporate income tax. Currently, Virginia generally uses a three-factor test by which the total of the property factor, payroll factor, and sales factor is divided by three. Under this measure the sales factor is double-weighted, with the result that, when all three factors are present, the property factor, payroll factor, and twice the sales factor will be divided by four. The measure is effective for taxable years beginning on and after January 1, 2000, unless one of the car tax circuit breakers occurs prior to that date, in which case the bill will be effective on January 1 in the year following the year in which none of such circuit breakers occurs.
FULL TEXT
- 01/13/99 House: Presented & ordered printed 995225809 pdf
- 02/04/99 House: Printed as reengrossed 995225809-E pdf
- 02/17/99 House: Bill text as passed House and Senate (HB1818ER) pdf
- 03/25/99 Governor: Acts of Assembly Chapter text (CHAP0186) pdf
AMENDMENTS
HISTORY
- 01/13/99 House: Presented & ordered printed 995225809
- 01/13/99 House: Referred to Committee on Finance
- 01/19/99 House: Assigned to Finance sub-committee: 1
- 02/01/99 House: Reported from Finance with amd. (19-Y 4-N)
- 02/03/99 House: Read first time
- 02/04/99 House: Read second time
- 02/04/99 House: Committee amendment agreed to
- 02/04/99 House: Engrossed by House as amended
- 02/04/99 House: Engrossment reconsidered by House (65-Y 23-N)
- 02/04/99 House: VOTE: RECONSIDERATION (65-Y 23-N)
- 02/04/99 House: Amendment by Mrs. Crittenden agreed to
- 02/04/99 House: Pending question ordered
- 02/04/99 House: Reengrossed by House as amended
- 02/04/99 House: Printed as reengrossed 995225809-E
- 02/05/99 House: Read third time and passed House (93-Y 3-N)
- 02/05/99 House: VOTE: PASSAGE (93-Y 3-N 1-A)
- 02/05/99 House: Communicated to Senate
- 02/08/99 Senate: Constitutional reading dispensed
- 02/08/99 Senate: Referred to Committee on Finance
- 02/10/99 Senate: Reported from Finance (16-Y 0-N)
- 02/11/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/11/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/12/99 Senate: Read third time
- 02/12/99 Senate: Passed Senate (40-Y 0-N)
- 02/12/99 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/17/99 House: Bill text as passed House and Senate (HB1818ER)
- 02/22/99 House: Enrolled
- 02/22/99 House: Signed by Speaker
- 02/23/99 Senate: Signed by President
- 03/17/99 Governor: Approved by Governor-Chapter 186 (effective-see bill)
- 03/25/99 Governor: Acts of Assembly Chapter text (CHAP0186)