Virginia Senate Bill 722 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 22 2016 - 25% progression, died in chamber
Action: 2016-02-03 - Stricken at request of Patron in Finance (15-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Corporate income tax; apportionment of revenue. Requires the Commissioner of the Department of Taxation to consider, when reviewing whether the method of apportionment used to determine corporate tax liability in the Commonwealth was inapplicable or inequitable, whether the portion of income taxed under current methodology resulted in taxation of a greater portion of income than could be reasonably attributed to the business in Virginia due to inconsistency with the methodology used in a majority of other states.

Income tax, corporate; apportionment of revenue.

Sen. Richard Saslaw [D]

Sen. Barbara Favola [D]

2016-02-03 - Senate - Senate: Stricken at request of Patron in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-02-03	Senate	Stricken at request of Patron in Finance (15-Y 0-N)
2016-01-22	Senate	Referred to Committee on Finance
2016-01-22	Senate	Presented and ordered printed 16104230D

Chapter	Article	Section	Citation Type	Statute Text
58	1	421	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+SB722
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB722+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0066+SB0722