HB 154 Income tax, corporate; requires retail companies to use single-sales factor apportionment formula.
R. Lee Ware, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)

Apportionment of corporate income tax; retail companies.  Requires retail companies to use a formula for apportioning taxable income to the Commonwealth based on multiplying their income by the sales factor.  The provisions of the bill would be effective for tax years beginning on or after July 1, 2012, and would be phased in with the apportionment formula having a 100 percent sales factor by 2015. This bill is identical to SB 49.

Full text:
01/05/12  House: Prefiled and ordered printed; offered 01/11/12 12101414D  pdf | impact statement
02/08/12  House: Printed as engrossed 12101414D-E  pdf | impact statement
02/21/12  House: Bill text as passed House and Senate (HB154ER)  pdf | impact statement
03/06/12  Governor: Acts of Assembly Chapter text (CHAP0086)  pdf

Amendments:
House amendments

Status:
01/05/12  House: Prefiled and ordered printed; offered 01/11/12 12101414D
01/05/12  House: Referred to Committee on Finance
01/12/12  House: Assigned Finance sub: Subcommittee #2
02/01/12  House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
02/06/12  House: Reported from Finance with amendment (20-Y 2-N)
02/07/12  House: Read first time
02/08/12  House: Read second time
02/08/12  House: Committee amendment agreed to
02/08/12  House: Engrossed by House as amended HB154E
02/08/12  House: Printed as engrossed 12101414D-E
02/09/12  House: Read third time and passed House (97-Y 1-N)
02/09/12  House: VOTE: PASSAGE (97-Y 1-N)
02/10/12  Senate: Constitutional reading dispensed
02/10/12  Senate: Referred to Committee on Finance
02/15/12  Senate: Reported from Finance (15-Y 0-N)
02/16/12  Senate: Constitutional reading dispensed (39-Y 0-N)
02/17/12  Senate: Read third time
02/17/12  Senate: Passed Senate (40-Y 0-N)
02/21/12  House: Enrolled
02/21/12  House: Bill text as passed House and Senate (HB154ER)
02/21/12  House: Signed by Speaker
02/22/12  Senate: Signed by President
03/06/12  Governor: Approved by Governor-Chapter 86 (effective 7/1/12)
03/06/12  Governor: Acts of Assembly Chapter text (CHAP0086)