VirginiaHB5522025 Regular SessionHouse

Income tax, corporate; 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 with taxable year 2025.

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: 0 • No: 0

House vote • 2/7/2024

Continued to 2025 in Finance (Voice Vote)

Yes: 0 • No: 0

Actions Timeline

  1. Left in Finance

    11/18/2024House
  2. Continued to 2025 in Finance (Voice Vote)

    2/7/2024House
  3. Impact statement from TAX (HB552)

    2/2/2024House
  4. Referred to Committee on Finance

    1/9/2024House
  5. Prefiled and ordered printed; offered 01/10/24 24103622D

    1/9/2024House

Bill Text

  • Introduced

    1/15/2024

Related Bills

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