Virginia House Bill 295 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 11 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Corporate income tax rate. Reduces the corporate income tax from its current rate of six percent to five percent in taxable year 2022, four percent in taxable year 2023, three percent in taxable year 2024, and two percent in taxable year 2025 and subsequent years. Corporate income tax rate. Reduces the corporate income tax from its current rate of six percent to five percent in taxable year 2022, four percent in taxable year 2023, three percent in taxable year 2024, and two percent in taxable year 2025 and subsequent years.

Income tax, corporate; reduces tax from its current rate.

Del. Joseph McNamara [R]

2022-02-07 - House - House: Subcommittee recommends laying on the table (8-Y 1-N) (Y: 8 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-02-15	House	Left in Finance
2022-02-07	House	Subcommittee recommends laying on the table (8-Y 1-N)
2022-01-19	House	Assigned Finance sub: Subcommittee #1
2022-01-11	House	Referred to Committee on Finance
2022-01-11	House	Prefiled and ordered printed; offered 01/12/22 22101108D

Chapter	Article	Section	Citation Type	Statute Text
58	1	400	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB295
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB295+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB295F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H1001V0044+HB0295