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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/15/2019Presented and ordered printed 19103770D
01/15/2019Referred to Committee on Rules
01/20/2019Impact statement from TAX (HB2700)
01/23/2019Referred from Rules
01/23/2019Referred to Committee on Finance
01/28/2019Tabled in Finance (22-Y 0-N) (see vote tally)

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