Income tax, corporate; eliminates tax for taxable years beginning on or after January 1, 2015. (SB619)

Introduced By

Sen. Steve Martin (R-Chesterfield)

Progress

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

Description

Elimination of the corporate income tax. Eliminates the corporate income tax for taxable years beginning on or after January 1, 2015, by setting the rate of the tax at zero percent. Amends § 58.1-400, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/16/2014Presented and ordered printed 14103465D
01/16/2014Referred to Committee on Finance
01/20/2014Impact statement from TAX (SB619)
01/22/2014Continued to 2015 in Finance (15-Y 0-N) (see vote tally)