Fabio
92 lines
5.5 KiB
Markdown
92 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Income tax, state; reporting requirements for partnerships."
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description: "Income tax; reporting requirements for partnerships. Alters the process by which partnerships report federal tax adjustmentsto the Department of Taxation. The federal Bipartisan Budget Actof 2015, P.L. 114-74, generally shifted the burden of reporting adjustmentsfrom a partnership's investors and owners to the partnership itself.The bill would allow a partnership to report to its owners and investorsany information required under Virginia law or to report such informationon behalf of its owners and investors. The bill establishes processesand deadlines by which partnerships are required to report such information,and pay any associated taxes, to the Department."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2020"
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identifier: "HB 1417"
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citation: "Virginia HB 1417 (2020)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Vivian E. Watts"]
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version_count: 4
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action_count: 27
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vote_count: 6
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first_action: "2020-01-08"
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last_action: "2020-04-10"
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source: "openstates"
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source_identifier: "ocd-bill/15c73a50-8c93-4178-b377-7cb3a5155343"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1417"
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source_hash: "5e9f064038a51067d6a0f08852870e3c8628b48b575bbff946a6fc77d3e3facd"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 1417 (2020) — Income tax, state; reporting requirements for partnerships.
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Income tax; reporting requirements for partnerships. Alters the process by which partnerships report federal tax adjustmentsto the Department of Taxation. The federal Bipartisan Budget Actof 2015, P.L. 114-74, generally shifted the burden of reporting adjustmentsfrom a partnership's investors and owners to the partnership itself.The bill would allow a partnership to report to its owners and investorsany information required under Virginia law or to report such informationon behalf of its owners and investors. The bill establishes processesand deadlines by which partnerships are required to report such information,and pay any associated taxes, to the Department.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Acts of Assembly Chapter text (CHAP1030)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP1030)
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2. **Bill text as passed House and Senate (HB1417ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1417ER)
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3. **Engrossed by House - committee substitute HB1417H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1417H1)
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4. **Impact statement from TAX (HB1417)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1417)
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## Votes
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- Reported from Finance and Appropriations (15-Y 0-N) — **15–0** (pass) · upper
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- Constitutional reading dispensed (38-Y 0-N) — **38–0** (pass) · upper
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- Subcommittee recommends reporting with substitute (8-Y 0-N) — **8–0** (pass) · lower
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- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
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- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Finance with substitute (22-Y 0-N) — **22–0** (pass) · lower
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## Sponsors
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- Vivian E. Watts — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-01-08** Prefiled and ordered printed; offered 01/08/20 20102759D `introduction`
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- **2020-01-08** Referred to Committee on Finance `referral-committee`
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- **2020-01-29** Assigned Finance sub: Subcommittee #3 `referral-committee`
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- **2020-01-30** Impact statement from TAX (HB1417)
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- **2020-01-31** Subcommittee recommends reporting with substitute (8-Y 0-N)
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- **2020-02-05** Committee substitute printed 20107357D-H1 `substitution`
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- **2020-02-05** Reported from Finance with substitute (22-Y 0-N) `committee-passage`
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- **2020-02-06** Read first time `reading-1`
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- **2020-02-07** Read second time `reading-2`
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- **2020-02-07** Committee substitute agreed to 20107357D-H1
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- **2020-02-07** Engrossed by House - committee substitute HB1417H1
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- **2020-02-10** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
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- **2020-02-10** VOTE: Block Vote Passage (99-Y 0-N)
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- **2020-02-11** Constitutional reading dispensed
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- **2020-02-11** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2020-02-17** Impact statement from TAX (HB1417H1)
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- **2020-02-25** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
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- **2020-02-26** Constitutional reading dispensed (38-Y 0-N)
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- **2020-02-26** Read third time `reading-3`
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- **2020-02-26** Passed Senate (40-Y 0-N) `passage`
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- **2020-03-03** Enrolled
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- **2020-03-03** Signed by Speaker
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- **2020-03-04** Impact statement from TAX (HB1417ER)
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- **2020-03-04** Signed by President
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- **2020-03-12** Enrolled Bill communicated to Governor on March 12, 2020
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- **2020-03-12** Governor's Action Deadline 11:59 p.m., April 11, 2020
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- **2020-04-10** Approved by Governor-Chapter 1030 (effective 7/1/20) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/15c73a50-8c93-4178-b377-7cb3a5155343`. Confidence: reported (aggregated from official Virginia legislature records).
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