BPOL tax; certain localities required to assess on Virginia taxable income. (HB24)

Introduced By

Del. Mark Cole (R-Fredericksburg)

Progress

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

Description

BPOL tax; certain localities required to assess on Virginia taxable income.  Requires that the local license (BPOL) tax be imposed on the Virginia taxable income of a business for any locality that did not impose a BPOL tax in license year 2011 and subsequently elects to impose a BPOL tax. Under current law, the tax base upon which the local license tax is imposed is the gross receipts or gross income of businesses with a place of business in the locality. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/07/2011Committee
12/07/2011Prefiled and ordered printed; offered 01/11/12 12100250D
12/07/2011Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #2
01/17/2012Impact statement from TAX (HB24)
01/23/2012Impact statement from DHCD (HB0024)
01/25/2012Subcommittee recommends passing by indefinitely
02/14/2012Left in Finance