Income tax, corporate; apportionment for manufacturers. (HB1514)

Introduced By

Del. Kathy Byron (R-Lynchburg) with support from 8 copatrons, whose average partisan position is:

Description

Corporate income tax; apportionment for manufacturers. Allows manufacturers to elect an apportionment formula of multiplying their income by the sales factor or using the formula prescribed for other businesses, whether the manufacturers have a sales factor or not. Amends § 58.1-408 (“What income apportioned and how.”), § 58.1-422 (“Manufacturing companies; apportionment.”), of the Code of Virginia. View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.