Income tax, corporate; apportionment of revenue. (SB722)

Introduced By

Sen. Dick Saslaw (D-Springfield) with support from co-patron Sen. Barbara Favola (D-Arlington)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Corporate income tax; apportionment of revenue. Requires the Commissioner of the Department of Taxation to consider, when reviewing whether the method of apportionment used to determine corporate tax liability in the Commonwealth was inapplicable or inequitable, whether the portion of income taxed under current methodology resulted in taxation of a greater portion of income than could be reasonably attributed to the business in Virginia due to inconsistency with the methodology used in a majority of other states. Read the Bill »


Bill Has Failed


01/22/2016Presented and ordered printed 16104230D
01/22/2016Referred to Committee on Finance
02/03/2016Stricken at request of Patron in Finance (15-Y 0-N) (see vote tally)