Income tax, corporate; real estate investment trusts. (SB1147)
Introduced By
Sen. Mary Margaret Whipple (D-Arlington)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Corporate income tax; real estate investment trusts. Includes certain dividend income in calculating the Virginia taxable income of "Captive Real Estate Investment Trusts (REITs)" to be certain their income is taxed in the same manner as any other corporation's shareholders/owners. Amends § 58.1-402 (“Virginia taxable income.”), of the Code of Virginia. View Full Text »


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