SB671: Income tax, corporate; eliminates for taxable years beginning on or after July 1, 2012.

SENATE BILL NO. 671
Offered January 21, 2010
A BILL to repeal Articles 10 (?? 58.1-400 through 58.1-422), 13 (?? 58.1-432 through 58.1-439.12:02), and 20 (?? 58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia, relating to corporate income tax.
Patrons-- McDougle and Hurt

Referred to Committee on Finance

Be it enacted by the General Assembly of Virginia:

1.  That Articles 10 (?? 58.1-400 through 58.1-422), 13 (?? 58.1-432 through 58.1-439.12:02), and 20 (?? 58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.

2.  That the provisions of this act shall be effective for taxable years beginning on or after July 1, 2012.