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. Amends § 58.1-402, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/15/2019Presented and ordered printed 19103771D
01/15/2019Referred to Committee on Rules
01/22/2019Impact statement from TAX (HB2701)
01/23/2019Referred from Rules
01/23/2019Referred to Committee on Finance
02/05/2019Left in Finance

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