Bill Text: VA SB722 | 2016 | Regular Session | Introduced
Bill Title: Income tax, corporate; apportionment of revenue.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2016-02-03 - Stricken at request of Patron in Finance (15-Y 0-N) [SB722 Detail]
Download: Virginia-2016-SB722-Introduced.html
16104230D Be it enacted by the General Assembly of Virginia: 1. That §58.1-421 of the Code of Virginia is amended and reenacted as follows: §58.1-421. Alternative method of allocation. If any corporation believes that the method of allocation or
apportionment hereinbefore prescribed as administered by the Department has
operated or will so operate as to subject it to taxation on a greater portion
of its Virginia taxable income than is reasonably attributable to business or
sources within |