Income tax, corporate; subtraction for amount of business interest. (HB2701)
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; business interest. Establishes a subtraction from a corporation's Virginia taxable income for the amount of business interest that is disallowed as a deduction from federal taxable income by § 163(j) of the Internal Revenue Code. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/15/2019 | Presented and ordered printed 19103771D |
| 01/15/2019 | Referred to Committee on Rules |
| 01/22/2019 | Impact statement from TAX (HB2701) |
| 01/23/2019 | Referred from Rules |
| 01/23/2019 | Referred to Committee on Finance |
| 02/05/2019 | Left in Finance |