2023 Regular Session • Virginia Legislature
SB1182: 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 23104204D
Senate
1/10/2023
Referred to Committee on Commerce and Labor
Senate
1/16/2023
Rereferred from Commerce and Labor (15-Y 0-N)
Senate
1/16/2023
Rereferred to Finance and Appropriations
Senate
1/31/2023
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Senate
1/31/2023
Committee substitute printed 23105692D-S1
Senate
2/1/2023
Constitutional reading dispensed (40-Y 0-N)
Senate
2/2/2023
Read second time
Senate
2/2/2023
Reading of substitute waived
Senate
2/2/2023
Committee substitute agreed to 23105692D-S1
Senate
2/2/2023
Engrossed by Senate - committee substitute SB1182S1
Senate
2/2/2023
Constitutional reading dispensed (40-Y 0-N)
Senate
2/2/2023
Passed Senate (40-Y 0-N)
Senate
2/8/2023
Placed on Calendar
House of Delegates
2/8/2023
Read first time
House of Delegates
2/8/2023
Referred to Committee on Finance
House of Delegates
2/8/2023
Reported from Finance (21-Y 0-N)
House of Delegates
2/10/2023
Read second time
House of Delegates
2/13/2023
Read third time
House of Delegates
2/13/2023
Passed House BLOCK VOTE (99-Y 0-N)
House of Delegates
2/13/2023
VOTE: Block Vote Passage (99-Y 0-N)
House of Delegates
2/15/2023
Enrolled
Senate
2/15/2023
Bill text as passed Senate and House (SB1182ER)
Senate
2/15/2023
Signed by Speaker
House of Delegates
2/16/2023
Signed by President
Senate
2/27/2023
Enrolled Bill Communicated to Governor on February 27, 2023
Senate
2/27/2023
Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
3/17/2023
Governor: Approved by Governor-Chapter 51 (effective 1/1/25)
3/17/2023
Governor: Acts of Assembly Chapter text (CHAP0051)
Amendments
Substitute for SB1182 for S-Finance and Appropriations
Substitute for SB1182 for S-Finance and Appropriations
1/31/2023Not Adopted
Roll Call Votes
House: VOTE: Block Vote Passage (99-Y 0-N)
2/13/2023
99
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
House: Reported from Finance (21-Y 0-N)
2/8/2023
21
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
2/2/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Passed Senate (40-Y 0-N)
2/2/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
2/1/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
1/31/2023
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Rereferred from Commerce and Labor (15-Y 0-N)
1/16/2023
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(3/17/2023)
Chamber
Senate
Sine DiePrior Session
Sponsors
Republican: 1
Primary Sponsor
Frank Ruff
Republican