License tax, local; tax on net income of businesses. (HB371)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Local license tax. Requires that beginning with the 2015 license year, the optional local license (BPOL) tax would be imposed on the Virginia taxable income of corporations and the net income of sole proprietorships and pass-through entities. Under current law, the optional BPOL tax is imposed on the gross receipts or gross revenues of businesses. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/03/2014 | Prefiled and ordered printed; offered 01/08/14 14102439D |
01/03/2014 | Referred to Committee on Finance |
01/17/2014 | Assigned Finance sub: Subcommittee #2 |
01/20/2014 | Impact statement from TAX (HB371) |
01/29/2014 | Subcommittee recommends continuing to 2015 |
02/03/2014 | Continued to 2015 in Finance |
12/04/2014 | Left in Finance |