Income tax, corporate; combined reporting requirements, disclosures. (HB1109)
Introduced By
Del. Sally Hudson (D-Charlottesville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Corporate income tax; combined reporting requirements; disclosures. Requires, for taxable years beginning on or after January 1, 2021, unitary combined reporting for Virginia corporate income tax purposes. The bill also requires corporations, beginning with taxable year 2020, to submit a public disclosure report to the Department of Taxation with certain data related to their state taxes, which will be redacted to hide their identities prior to publication. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/07/2020 | Committee |
01/07/2020 | Prefiled and ordered printed; offered 01/08/20 20101799D |
01/07/2020 | Referred to Committee on Finance |
01/29/2020 | Assigned Finance sub: Subcommittee #3 |
01/30/2020 | Impact statement from TAX (HB1109) |
01/31/2020 | Subcommittee recommends continuing to 2021 |
02/05/2020 | Continued to 2021 in Finance |
Comments
Why hassle business w more regs?