Virginia Senate Bill 545 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 16 2010 - 50% progression, died in committee
Action: 2010-03-14 - House: Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Engrossed) [HTML]

Conformity with Internal Revenue Code. Advances the date as of which Virginia's system of taxation conforms with the Internal Revenue Code (IRC) from December 31, 2008, to December 31, 2009, and adds two new exceptions: the deferral of certain income under §108 (i) of the IRC for taxable year 2009 is only allowed ratably through taxable year 2011 and the deferral is not allowed for taxable years other than 2009, and deconformity from the original issue discount on applicable high yield discount obligations under IRC §163 (3)(5)(f). Taxpayers are preparing and filing returns during the General Assembly Session, therefore, the bill contains an emergency clause.

Income tax laws; conformity to Internal Revenue Code.

Sen. Charles Colgan [D]

2010-02-16 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - Senate - Senate: Committee amendment reconsidered (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-16 - Senate - Senate: Committee amendment reconsidered (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2010-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-10 - Senate - Senate: Reported from Finance with amendment (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2010-03-14		House: Left in Appropriations
2010-02-17		House: Referred to Committee on Appropriations
2010-02-17		House: Read first time
2010-02-17		House: Placed on Calendar
2010-02-16		Senate: Passed Senate (40-Y 0-N)
2010-02-16		Senate: Constitutional reading dispensed (40-Y 0-N)
2010-02-16		Senate: Printed as engrossed 10102666D-E
2010-02-16		Senate: Engrossed by Senate as amended SB545E
2010-02-16		Senate: Committee amendment agreed to
2010-02-16		Senate: Committee amendment reconsidered (40-Y 0-N)
2010-02-16		Senate: Amendment #2 by Senator Saslaw agreed to
2010-02-16		Senate: Reading of amendment waived
2010-02-16		Senate: Amendment #3 by Senator Colgan rejected
2010-02-16		Senate: Reading of amendment waived
2010-02-16		Senate: Amendment #1 by Senator Saslaw withdrawn
2010-02-16		Senate: Committee amendment rejected
2010-02-16		Senate: Committee amendment reconsidered (39-Y 0-N)
2010-02-16		Senate: Read second time
2010-02-16		Senate: Passed by temporarily
2010-02-15		Senate: Passed by for the day
2010-02-15		Senate: Read second time
2010-02-12		Senate: Passed by for the day
2010-02-12		Senate: Committee amendment agreed to
2010-02-12		Senate: Reading of amendment waived
2010-02-12		Senate: Read second time
2010-02-11		Senate: Constitutional reading dispensed (40-Y 0-N)
2010-02-10		Senate: Reported from Finance with amendment (15-Y 0-N)
2010-01-13		Senate: Referred to Committee on Finance
2010-01-13		Senate: Prefiled and ordered printed with emergency clause; offered 01/13/10 10102666D

Chapter	Article	Section	Citation Type	Statute Text
58	1	301	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?101+sum+SB545
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+SB545+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?101+ful+SB545E+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+S05V0107+SB0545
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0271SB0545+SB0545
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0334SB0545+SB0545
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0335SB0545+SB0545
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0338SB0545+SB0545
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?101+vot+SV0339SB0545+SB0545