Noncorporate entities; minimum tax is imposed on telecommunications and electric suppliers. (SB946)
Introduced By
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
Minimum tax on noncorporate entities. Clarifies that the minimum tax is imposed on telecommunications and electric suppliers that are organized as pass-through entities and that certain taxes imposed on the pass-through entity itself are to be paid by the pass-through entity. Amends § 58.1-390.2 (“Taxation of pass-through entities.”), § 58.1-400.1 (“Minimum tax on telecommunications companies.”), § 58.1-400.3 (“Minimum tax on certain electric suppliers.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Passed
View Bill's History
Comments
Telecommunications and electric suppliers should pay this tax and not get away with a pass-through! Thanks