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SB670

Bank franchise tax; sets a cap of $18 million on total annual tax liability per taxpayer.

Status:
Enacted

Chief Patron:
Ryan McDougle (R)

Session:
2016 Regular Session

No summary available for SB670
  • Bill History

  • 01/19/2016 - Senate: Presented and ordered printed 16104089D
  • 01/19/2016 - Senate: Referred to Committee on Finance
  • 01/23/2016 - Senate: Impact statement from TAX (SB670)
  • 01/26/2016 - Senate: Reported from Finance with amendment (15-Y 0-N)
  • 01/27/2016 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 01/28/2016 - Senate: Read second time
  • 01/28/2016 - Senate: Reading of amendment waived
  • 01/28/2016 - Senate: Committee amendment agreed to
  • 01/28/2016 - Senate: Engrossed by Senate as amended SB670E
  • 01/28/2016 - Senate: Printed as engrossed 16104089D-E
  • 01/29/2016 - Senate: Read third time and passed Senate (40-Y 0-N)
  • 02/03/2016 - House: Placed on Calendar
  • 02/03/2016 - House: Read first time
  • 02/03/2016 - House: Referred to Committee on Finance
  • 02/05/2016 - Senate: Impact statement from TAX (SB670E)
  • 02/16/2016 - House: Assigned Finance sub: Subcommittee #1
  • 02/17/2016 - House: Subcommittee recommends reporting (9-Y 0-N)
  • 02/22/2016 - House: Reported from Finance (22-Y 0-N)
  • 02/23/2016 - House: Read second time
  • 02/24/2016 - House: Read third time
  • 02/24/2016 - House: Passed House (96-Y 3-N)
  • 02/24/2016 - House: VOTE: PASSAGE (96-Y 3-N)
  • 02/25/2016 - Senate: Enrolled
  • 02/25/2016 - Senate: Bill text as passed Senate and House (SB670ER)
  • 02/25/2016 - Senate: Impact statement from TAX (SB670ER)
  • 02/25/2016 - House: Signed by Speaker
  • 02/26/2016 - Senate: Signed by President
  • 02/29/2016 - Senate: Enrolled Bill Communicated to Governor on 2/29/16
  • 02/29/2016 - Governor: Governor's Action Deadline Midnight, March 7, 2016
  • 03/07/2016 - Senate: Governor's recommendation received by Senate
  • 03/09/2016 - Senate: Senate concurred in Governor's recommendation (27-Y 13-N)
  • 03/10/2016 - House: House concurred in Governor's recommendation (91-Y 4-N)
  • 03/10/2016 - House: VOTE: ADOPTION (91-Y 4-N)
  • 03/10/2016 - Governor: Governor's recommendation adopted
  • 03/10/2016 - Senate: Reenrolled
  • 03/10/2016 - Senate: Signed by President as reenrolled
  • 03/10/2016 - House: Signed by Speaker as reenrolled
  • 03/10/2016 - House: Enacted, Chapter 325 (effective 7/1/16)
  • 03/10/2016 - Senate: Reenrolled bill text (SB670ER2)
  • 03/10/2016 - Governor: Acts of Assembly Chapter text (CHAP0325)