VA SB722 | 2016 | Regular Session

Status

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]

Summary

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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Income tax, corporate; apportionment of revenue.

Sponsors


Roll Calls

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]

History

DateChamberAction
2016-02-03SenateStricken at request of Patron in Finance (15-Y 0-N)
2016-01-22SenateReferred to Committee on Finance
2016-01-22SenatePresented and ordered printed 16104230D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581421(n/a)See Bill Text

Virginia State Sources


Bill Comments

feedback