Taxation, Commissioner of the Department of; working group to evaluate market-based sourcing. (HB2233)

Introduced By

Del. Glenn Davis (R-Virginia Beach)

Progress

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

Description

Commissioner of the Department of Taxation; working group to evaluate market-based sourcing. Directs the Commissioner of the Department of Taxation to convene a working group to examine (i) existing laws concerning the allocation of sales of nontangible personal property for purposes of the corporate income tax and (ii) the desirability and feasibility of adopting a market-based sourcing model. The Commissioner shall report the findings and any recommendations of the working group to the Chairmen of the House Committee on Finance and the Senate Committee on Finance by December 1, 2015. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/16/2015Committee
01/16/2015Presented and ordered printed 15103477D
01/16/2015Referred to Committee on Finance
01/27/2015Assigned Finance sub: Subcommittee #2
01/27/2015Impact statement from TAX (HB2233)
01/28/2015Subcommittee recommends laying on the table
02/10/2015Left in Finance

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 8 clips in all, totaling 7 minutes.