HB 1961 License tax, local; methodology for deducting certain gross receipts.
Timothy D. Hugo | all patrons    ...    notes
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Summary as introduced:
Local license tax; methodology for deducting certain gross receipts. Requires the Department of Taxation to promulgate regulations that clarify the appropriate methodology for determining deductible gross receipts attributable to business conducted in another state or a foreign country. The bill requires the regulations to be based on previous Rulings of the Tax Commissioner and the decision of the Supreme Court of Virginia in The Nielsen Company, LLC v. County Board of Arlington County, 289 Va. 79 (2015). In that decision, the Court endorsed the Tax Commissioner's ruling to require manual accounting but to allow payroll apportionment in the event that manual accounting is impossible to use in order to calculate the deduction.

Full text:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101883D  pdf | impact statement
02/14/17  House: Bill text as passed House and Senate (HB1961ER)  pdf | impact statement
02/20/17  Governor: Acts of Assembly Chapter text (CHAP0050)  pdf

Status:
01/10/17  House: Prefiled and ordered printed; offered 01/11/17 17101883D
01/10/17  House: Referred to Committee on Finance
01/17/17  House: Assigned Finance sub: Subcommittee #2
01/25/17  House: Subcommittee recommends reporting (10-Y 0-N)
01/30/17  House: Reported from Finance (22-Y 0-N)
01/31/17  House: Read first time
02/01/17  House: Read second time and engrossed
02/02/17  House: Read third time and passed House BLOCK VOTE (95-Y 0-N)
02/02/17  House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
02/03/17  Senate: Constitutional reading dispensed
02/03/17  Senate: Referred to Committee on Finance
02/08/17  Senate: Reported from Finance (14-Y 0-N)
02/09/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/10/17  Senate: Read third time
02/10/17  Senate: Passed Senate (39-Y 0-N)
02/14/17  House: Enrolled
02/14/17  House: Bill text as passed House and Senate (HB1961ER)
02/14/17  House: Signed by Speaker
02/15/17  Senate: Signed by President
02/15/17  House: Enrolled Bill communicated to Governor on 2/15/17
02/15/17  Governor: Governor's Action Deadline Midnight, February 22, 2017
02/20/17  Governor: Approved by Governor-Chapter 50 (effective 7/1/17)
02/20/17  Governor: Acts of Assembly Chapter text (CHAP0050)