VirginiaHB18662025 Regular SessionHouse

Corporate income tax; sourcing of sales other than sales of tangible personal property.

Sponsored By: Joseph P. McNamara (Republican)

Failed

Summary

Corporate income tax; sourcing of sales other than sales of tangible personal property. Implements market-based corporate income tax sourcing for attributing sales, other than sales of tangible personal property, to Virginia beginning in taxable year 2026.

Finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Joseph P. McNamara

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 12 • No: 8

House vote • 1/31/2025

Tabled in Finance

Yes: 12 • No: 8

Actions Timeline

  1. Tabled in Finance (12-Y 8-N)

    1/31/2025House
  2. Impact statement from TAX (HB1866)

    1/22/2025House
  3. Referred to Committee on Finance

    1/6/2025House
  4. Prefiled and ordered printed; Offered 01-13-2025 25104097D

    1/6/2025House

Bill Text

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