Income tax, corporate; market-based sourcing. (HB1604)

Introduced By

Del. Dave Albo (R-Springfield) with support from co-patrons Del. Joe May (R-Leesburg), and Del. Tom Rust (R-Herndon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Corporate income tax; market-based sourcing.  Changes the way the sales factor is determined, for purposes of the corporate income tax, so that it will be market-based sourcing rather than costs-of-performance, which is the current method used. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2011Prefiled and ordered printed; offered 01/12/11 11101029D
01/07/2011Referred to Committee on Finance
01/17/2011Assigned Finance sub: #1
01/29/2011Impact statement from TAX (HB1604)
01/31/2011Subcommittee failed to recommend reporting (2-Y 7-N)
02/08/2011Left in Finance