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HB1481

Internet root infrastructure providers; taxation of corporations, apportionment.

Status:
Enacted

Chief Patron:
Lee Ware (R)

Session:
2023 Regular Session

Summary

As Passed Both Chambers. Taxation of corporations; apportionment; Internet root infrastructure providers.

Provides that Internet root infrastructure providers, defined in the bill, that meet certain criteria and choose to enter into a memorandum of understanding with the Virginia Economic Development Partnership Authority may use a hybrid sales factor in their income apportionment calculations when filing Virginia corporate income tax returns. The bill is effective for taxable years beginning on and after January 1, 2023, provided that the provider and the Authority enter into an MOU no later than December 1, 2023. This bill is identical to SB 1349. (Less)

  • Bill History

  • 12/30/2022 - House: Prefiled and ordered printed; offered 01/11/23 23101101D
  • 12/30/2022 - House: Referred to Committee on Finance
  • 01/19/2023 - House: Assigned Finance sub: Subcommittee #1
  • 01/29/2023 - House: Impact statement from TAX (HB1481)
  • 01/30/2023 - House: House subcommittee amendments and substitutes offered
  • 01/30/2023 - House: Subcommittee recommends reporting with substitute (8-Y 0-N)
  • 02/01/2023 - House: Reported from Finance with substitute (22-Y 0-N)
  • 02/01/2023 - House: Committee substitute printed 23105234D-H1
  • 02/01/2023 - House: Referred to Committee on Appropriations
  • 02/03/2023 - House: Reported from Appropriations with substitute (21-Y 0-N)
  • 02/03/2023 - House: Committee substitute printed 23106036D-H2
  • 02/05/2023 - House: Read first time
  • 02/06/2023 - House: Passed by temporarily
  • 02/06/2023 - House: Read second time
  • 02/06/2023 - House: Committee on Finance substitute rejected 23105234D-H1
  • 02/06/2023 - House: Committee on Appropriations substitute agreed to 23106036D-H2
  • 02/06/2023 - House: Engrossed by House - committee substitute HB1481H2
  • 02/07/2023 - House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
  • 02/07/2023 - House: VOTE: Block Vote Passage (99-Y 0-N)
  • 02/08/2023 - Senate: Constitutional reading dispensed
  • 02/08/2023 - Senate: Referred to Committee on Finance and Appropriations
  • 02/13/2023 - House: Impact statement from TAX (HB1481H2)
  • 02/14/2023 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/14/2023 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N 1-A)
  • 02/14/2023 - Senate: Committee substitute printed 23106803D-S1
  • 02/14/2023 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/15/2023 - Senate: Read third time
  • 02/15/2023 - Senate: Reading of substitute waived
  • 02/15/2023 - Senate: Committee substitute agreed to 23106803D-S1
  • 02/15/2023 - Senate: Engrossed by Senate - committee substitute HB1481S1
  • 02/15/2023 - Senate: Passed Senate with substitute (39-Y 0-N 1-A)
  • 02/15/2023 - House: Passed by temporarily
  • 02/15/2023 - House: Senate substitute agreed to by House 23106803D-S1 (96-Y 0-N)
  • 02/15/2023 - House: VOTE: Adoption (96-Y 0-N)
  • 02/20/2023 - House: Enrolled
  • 02/20/2023 - House: Bill text as passed House and Senate (HB1481ER)
  • 02/20/2023 - House: Signed by Speaker
  • 02/21/2023 - House: Impact statement from TAX (HB1481ER)
  • 02/21/2023 - Senate: Signed by President
  • 03/02/2023 - House: Enrolled Bill communicated to Governor on March 2, 2023
  • 03/02/2023 - Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
  • 03/23/2023 - Governor: Approved by Governor-Chapter 405 (effective - see bill)
  • 03/23/2023 - Governor: Acts of Assembly Chapter text (CHAP0405)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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