2023 Regular Session • Virginia Legislature
HB1896: Bank franchise tax; electronic access to banks for real estate assessment records, etc.
Legislative Summary
Bank franchise tax; report. Provides for the electronic filing of bank franchise tax returns through a secure online portal maintained by the Department of Taxation and extends the time to file such tax return by 60 days. The bill also requires localities to provide banks access to real estate assessment records upon request. The bill has a delayed effective date of January 1, 2025, and directs the Department to convene a work group to assess potential alternative methods for the filing and allocation of bank franchise tax revenues.
Bill History
1/10/2023
Prefiled and ordered printed; offered 01/11/23 23104007D
House of Delegates
1/10/2023
Referred to Committee on Finance
House of Delegates
1/30/2023
Assigned Finance sub: Subcommittee #3
House of Delegates
1/30/2023
Subcommittee recommends reporting with substitute (6-Y 0-N)
House of Delegates
2/1/2023
Reported from Finance with substitute (21-Y 1-N)
House of Delegates
2/1/2023
Committee substitute printed 23105697D-H1
House of Delegates
2/3/2023
Read first time
House of Delegates
2/6/2023
Read second time
House of Delegates
2/6/2023
Committee substitute agreed to 23105697D-H1
House of Delegates
2/6/2023
Engrossed by House - committee substitute HB1896H1
House of Delegates
2/7/2023
Read third time and passed House (99-Y 0-N)
House of Delegates
2/7/2023
VOTE: Passage (99-Y 0-N)
House of Delegates
2/8/2023
Constitutional reading dispensed
Senate
2/8/2023
Referred to Committee on Finance and Appropriations
Senate
2/14/2023
Reported from Finance and Appropriations (15-Y 0-N)
Senate
2/14/2023
Constitutional reading dispensed (40-Y 0-N)
Senate
2/15/2023
Read third time
Senate
2/15/2023
Passed Senate (40-Y 0-N)
Senate
2/20/2023
Enrolled
House of Delegates
2/20/2023
Bill text as passed House and Senate (HB1896ER)
House of Delegates
2/20/2023
Signed by Speaker
House of Delegates
2/21/2023
Signed by President
Senate
3/2/2023
Enrolled Bill communicated to Governor on March 2, 2023
House of Delegates
3/2/2023
Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
3/17/2023
Governor: Approved by Governor-Chapter 50 (effective 1/1/25)
3/17/2023
Governor: Acts of Assembly Chapter text (CHAP0050)
Amendments
Substitute for HB1896 Finance, Subcommittee #3
Substitute for HB1896 Finance, Subcommittee #3
1/30/2023Not Adopted
Substitute for HB1896 Finance, Subcommittee #3
Substitute for HB1896 Finance, Subcommittee #3
1/30/2023Adopted
Roll Call Votes
Senate: Passed Senate (40-Y 0-N)
2/15/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Reported from Finance and Appropriations (15-Y 0-N)
2/14/2023
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
2/14/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
House: VOTE: Passage (99-Y 0-N)
2/7/2023
99
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
House: Reported from Finance with substitute (21-Y 1-N)
2/1/2023
21
Yea
1
Nay
0
Not Voting
0
Absent
Result: PASSED
House: Subcommittee recommends reporting with substitute (6-Y 0-N)
1/30/2023
6
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
Status Information
Current Status
Passed(3/17/2023)
Chamber
House of Delegates
Sine DiePrior Session
