Data Center Record.

Laws · Virginia · H.B. 2162

H.B. 2162: Income tax, corporate; taxable income of taxpayers with enterprise data center operations.

Virginia, 2015 Regular Session. Signed, March 17, 2015.

Last verified

Status Signed Signed, .

Official summary

No official summary is on file yet. The full text is on the legislature's page, linked below.

Description

Apportionment of corporate income tax; taxpayers with enterprise data center operations. Requires taxpayers with certain enterprise data center operations to use a formula for apportioning taxable income to the Commonwealth based on multiplying their incomes by the sales factor. The apportionment formula would apply only to taxpayers that have entered into a memorandum of understanding with the Virginia Economic Development Partnership Authority to make a new capital investment of at least $150 million in an enterprise data center on or after July 1, 2015, and such taxpayer would begin using the formula in the taxable year that the Virginia Economic Development Partnership Authority certifies that the investment has been completed. The provisions of the bill would be effective for taxable years beginning July 1, 2016, and would be phased in with the apportionment formula having a 100 percent sales factor by July 1, 2017.

As published by the legislature, found through LegiScan, source 1. It is the legislature's own line about the measure, not a summary of it.

Measure Bill.

Sponsors Timothy Hugo (R); James LeMunyon (R); Mark Keam (D); Randall Minchew (R)

Subjects None on file. The legislature's own list.

Official page lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB2162. Found through LegiScan (bill 678820), whose data is CC BY 4.0; the citation is the legislature's own page.

What happened, and when

  1. March 17, 2015 Signed

    H.B. 2162 was signed. lis.virginia.gov primary source [1] The official action text: Governor: Approved by Governor-Chapter 237 (effective - 7/1/15 see bill).

  2. February 23, 2015 Passed second chamber

    H.B. 2162 passed the Senate. lis.virginia.gov primary source [1] The official action text: Enrolled.

  3. February 17, 2015 In committee

    H.B. 2162 went to committee in the Senate. lis.virginia.gov primary source [1] The official action text: Reported from Finance (13-Y 0-N).

  4. February 11, 2015 In committee

    H.B. 2162 went to committee in the Senate. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance.

  5. February 9, 2015 Passed first chamber

    H.B. 2162 passed the House of Delegates. lis.virginia.gov primary source [1] The official action text: Engrossed by House - committee substitute HB2162H1.

  6. February 4, 2015 In committee

    H.B. 2162 went to committee in the House of Delegates. lis.virginia.gov primary source [1] The official action text: Reported from Finance with substitute (18-Y 0-N).

  7. January 14, 2015 In committee

    H.B. 2162 went to committee in the House of Delegates. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance.

  8. January 14, 2015 Introduced

    H.B. 2162 was introduced in the House of Delegates. lis.virginia.gov primary source [1] The official action text: Referred to Committee on Finance.

Newest first. A stage is never overwritten; each entry carries the source it rests on. The status at the top is derived from the newest entry. The action text in Researcher mode is the legislature's own wording.

Sources

  1. H.B. 2162 on the legislature's site lis.virginia.gov

Bill data from LegiScan, licensed CC BY 4.0. The record chooses the bills, writes each stage in its own words and cites the legislature's own page for every bill. Bills on this record are also found through the legislatures' own records; the citation is always the legislature's own page or the clerk's own file. This bill was found through LegiScan.

Report a correction to this bill: the row, the source that shows the correct information, and what is wrong. Every correction is logged in the open.

This page as data CSV
Cite this page

Data Center Record, "H.B. 2162: Income tax, corporate; taxable income of taxpayers with enterprise data center operations.", https://datacenterrecord.org/bills/va-2015-hb-2162. Data: Data Center Record, datacenterrecord.org, CC BY 4.0.

The structured rows are CC BY 4.0. Link to this page; that is what turns a reuse into a citation. Prose stays under copyright.

Report a change