Vivian Watts
- Democratic
- Delegate
- District 14
Primary
Tax returns of affiliated corporations; permission to change basis of type of return filed. Decreases from 20 years to 12 years the time period for which an affiliated group of corporations must file on the same basis before it may apply to the Tax Commissioner for permission to change the basis of the type of return filed (i) from consolidated to separate or (ii) from separate or combined to consolidated.
Tax returns of affiliated corporations; permissionto change basis of type of return filed. Decreases from 20 yearsto 12 years the time period for which an affiliated group of corporationsmust file on the same basis before it may apply to the Tax Commissionerfor permission to change the basis of the type of return filed (i)from consolidated to separate or (ii) from separate or combined toconsolidated.
Approved by Governor-Chapter 274 (effective 7/1/22)
Impact statement from TAX (HB348ER)
Governor's Action Deadline 11:59 p.m., April 11, 2022
Enrolled Bill communicated to Governor on March 22, 2022
Signed by Speaker
Enrolled
Signed by President
Conference report agreed to by Senate (40-Y 0-N)
VOTE: Adoption (96-Y 0-N)
Conference report agreed to by House (96-Y 0-N)
Amended by conference committee
Passed Senate with substitute (40-Y 0-N)
Constitutional reading dispensed (40-Y 0-N)
Read third time
Reading of substitute waived
Committee substitute agreed to 22107280D-S1
Engrossed by Senate - committee substitute HB348S1
Senate substitute rejected by House 22107280D-S1 (0-Y 98-N)
VOTE: Rejected (0-Y 98-N)
Senate insisted on substitute (39-Y 0-N)
Senate requested conference committee
House acceded to request
Conferees appointed by House
Conferees appointed by Senate
Reported from Finance and Appropriations with substitute (16-Y 0-N)
Committee substitute printed 22107280D-S1
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed
Read third time and passed House BLOCK VOTE (99-Y 0-N)
VOTE: Passage (99-Y 0-N)
Read second time and engrossed
Read first time
Subcommittee recommends reporting (9-Y 0-N)
Reported from Finance (21-Y 0-N)
Impact statement from TAX (HB348)
Assigned Finance sub: Subcommittee #1
Referred to Committee on Finance
Prefiled and ordered printed; offered 01/12/22 22101118D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/12/22 22101118D | PDF HTML |
| Committee substitute printed 22107280D-S1 | PDF HTML |
| HB348ER | PDF HTML |
| CHAP0274 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB348FER161.PDF | |
| Fiscal Impact Statement: HB348F161.PDF | |
| Amendment: HB348AC | HTML |
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