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 »

Status

12/04/2020: Failed to Pass in Committee

History

DateAction
01/07/2020Prefiled and ordered printed; offered 01/08/20 20101799D
01/07/2020Referred to Committee on Finance
01/29/2020Assigned Finance sub: Subcommittee #3
01/30/2020Impact statement from TAX (HB1109)
01/31/2020Subcommittee recommends continuing to 2021
02/05/2020Continued to 2021 in Finance
12/04/2020Left in Finance