Bill Text: VA HB119 | 2010 | Regular Session | Comm Sub

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Bill Title: Income tax, corporate; eliminates State tax for taxable years on and after January 1, 2010.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2010-02-16 - House: Left in Appropriations [HB119 Detail]

Download: Virginia-2010-HB119-Comm_Sub.html

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10104651D
HOUSE BILL NO. 119 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the House Committee on Finance on February 10, 2010) (Patron Prior to Substitute--Delegate Purkey) A BILL to repeal Articles 10 (§§58.1-400 through 58.1-422), 13 (§§58.1-432 through 58.1-439.12:02, excluding §§58.1-433.1 and 58.1-439.2), and 20 (§§58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia, relating to corporate income tax.

Be it enacted by the General Assembly of Virginia:

1. That Articles 10 (§§58.1-400 through 58.1-422), 13 (§§ 58.1-432 through 58.1-439.12:02, excluding §§58.1-433.1 and 58.1-439.2), and 20 (§§58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.

2. That the provisions of this act shall be effective for taxable years beginning on and after January 1, 2013.