Corporate income tax; rate of taxation. (SB326)

Introduced By

Sen. Dick Saslaw (D-Springfield) with support from co-patron Sen. Janet Howell (D-Reston)

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 »

Outcome

Bill Has Failed

History

DateAction
01/08/2016Prefiled and ordered printed; offered 01/13/16 16101908D
01/08/2016Referred to Committee on Finance
01/16/2016Impact statement from TAX (SB326)
02/03/2016Passed by indefinitely in Finance (12-Y 3-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB539.

Comments

Bill P writes:

and get rid of the BPOL tax