Income tax, corporate; rate of taxation. (SB789)
Introduced By
Sen. Glen Sturtevant (R-Midlothian)
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 5.5 percent for taxable years beginning on or after January 1, 2018. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 08/22/2016 | Prefiled and ordered printed; offered 01/11/17 17100192D |
| 08/22/2016 | Referred to Committee on Finance |
| 01/15/2017 | Impact statement from TAX (SB789) |
| 01/24/2017 | Passed by indefinitely in Finance (15-Y 1-N) (see vote tally) |
Comments
Lower Corp rate and ditch the bpol tax.Va used to be #1,now 13th for biz.