Income tax, corporate; tax rate shall be five % beginning taxable years on or after Jan. 1, 2015. (HB1243)

Introduced By

Del. Ben Cline (R-Amherst)

Progress

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

Description

Corporate income tax rate. Reduces the corporate income tax rate from 6% to 5%. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2014Presented and ordered printed 14104160D
01/17/2014Referred to Committee on Finance
01/27/2014Impact statement from TAX (HB1243)
01/28/2014Assigned Finance sub: Subcommittee #2
02/05/2014Subcommittee recommends continuing to 2015
02/05/2014Continued to 2015 in Finance
12/04/2014Left in Finance