Income tax, corporate; subtraction for amount of Global Intangible Low-Taxed Income. (HB2700)
Introduced By
Del. Bobby Orrock (R-Thornburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Corporate income tax subtraction; Global Intangible Low-Taxed Income. Establishes a subtraction in computing Virginia taxable income for the amount of Global Intangible Low-Taxed Income that is included in a corporation's federal taxable income. Amends § 58.1-402, of the Code of Virginia. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/15/2019 | Presented and ordered printed 19103770D |
| 01/15/2019 | Referred to Committee on Rules |
| 01/20/2019 | Impact statement from TAX (HB2700) |
| 01/23/2019 | Referred from Rules |
| 01/23/2019 | Referred to Committee on Finance |
| 01/28/2019 | Tabled in Finance (22-Y 0-N) (see vote tally) |
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