Income tax, corporate; sourcing of sales other than sales of tangible personal property. (HB796)
Introduced By
Del. Barry Knight (R-Virginia Beach)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Corporate income tax; sourcing of sales other than sales of tangible personal property. Implements market-based corporate income tax sourcing for attributing sales, other than sales of tangible personal property, to Virginia beginning with taxable year 2021. 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 20102261D |
| 01/07/2020 | Referred to Committee on Finance |
| 01/29/2020 | Assigned Finance sub: Subcommittee #3 |
| 01/30/2020 | Impact statement from TAX (HB796) |
| 01/31/2020 | Subcommittee recommends continuing to 2021 |
| 02/05/2020 | Continued to 2021 in Finance |