Income tax, corporate; corporations not allowed to claim tax credit to reduce tax below $250. (HB1030)

Introduced By

Del. David Englin (D-Alexandria)

Progress

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

Description

Minimum corporate income tax.  Establishes a $250 minimum corporate income tax beginning January 1, 2012. Corporations would not be allowed to claim any tax credit to reduce the corporate income tax below $250. Amends § 58.1-400, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2012Committee
01/11/2012Prefiled and ordered printed; offered 01/11/12 12102258D
01/11/2012Referred to Committee on Finance
01/20/2012Assigned Finance sub: #2
01/23/2012Impact statement from TAX (HB1030)
01/25/2012Subcommittee recommends passing by indefinitely
02/14/2012Left in Finance