SB671: Income tax, corporate; eliminates for taxable years beginning on or after July 1, 2012.
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through 58.1-439.12:02), and 20 (?? 58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.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.