Bill Text: VA HB248 | 2012 | Regular Session | Prefiled

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Bill Title: Income tax, corporate; eliminates tax for taxable years beginning on and after January 1, 2013.

Spectrum: Partisan Bill (Republican 8-0)

Status: (Introduced - Dead) 2012-02-06 - House: Continued to 2013 in Finance by voice vote [HB248 Detail]

Download: Virginia-2012-HB248-Prefiled.html

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12102544D
HOUSE BILL NO. 248 Offered January 11, 2012 Prefiled January 10, 2012 A BILL to repeal Articles 10 (§§58.1-400 through 58.1-423), 13 (§§58.1-432 through 58.1-439.12:10), 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. ---------- Patron-- Cline ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1.  That Articles 10 (§§58.1-400 through 58.1-423), 13 (§§58.1-432 through 58.1-439.12:10), and 20 (§§58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.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.