2012 Regular Session


File Code: Taxes - Income Prior Year Introduction As: HB 219/05 - W&M
Sponsored By:
Delegates Arora, Barve, Bobo, Feldman, Washington, and Zucker
Taxes - Electing Small Business Trusts State Tax Loophole Elimination Act


Modifying the definition of federal adjusted gross income as it relates to specified fiduciaries to include the amount of income of an electing small business trust consisting of stock of one or more S corporations that is subject to specified taxing rules; providing for the application of the Act to all taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Ways and Means
Hearing 1/31 at 11:00 a.m.
Hearing cancelled
Hearing 2/14 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Sam Arora, District 19
Delegate Kumar P. Barve, District 17
Delegate Elizabeth Bobo, District 12B
Delegate Brian J. Feldman, District 15
Delegate Mary L. Washington, District 43
Delegate Craig J. Zucker, District 14

Bill indexed under the following Subjects:

Business Trusts
Income Tax
Small Business

Bill affects the following Statute:

Tax - General
( 10-101 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered