Income tax, corporate; lowers rate of taxation. (HB539)

Introduced By

Del. Vivian Watts (D-Annandale) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Del. Mark Cole (R-Fredericksburg), Del. Steve Heretick (D-Portsmouth), Del. Ken Plum (D-Reston), Del. Marcus Simon (D-Falls Church), Sen. Jennifer Boysko (D-Herndon), Sen. Janet Howell (D-Reston), Sen. Dick Saslaw (D-Springfield)

Progress

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

Description

Corporate income tax; rate of taxation. Lowers the corporate income tax rate from six percent to 5.75 percent for taxable years beginning on or after January 1, 2017. Read the Bill »

Status

02/15/2016: Failed to Pass in Committee

History

DateAction
01/09/2016Committee
01/09/2016Prefiled and ordered printed; offered 01/13/16 16101906D
01/09/2016Referred to Committee on Finance
01/16/2016Impact statement from TAX (HB539)
02/09/2016Assigned Finance sub: Subcommittee #1
02/10/2016Subcommittee recommends continuing to 2017
02/15/2016Continued to 2017 in Finance

Duplicate Bills

The following bills are identical to this one: SB326.

Comments

Bill P writes:

and get rid of the BPOL tax