VirginiaSB14562025 Regular SessionSenate

Income tax, corporate; sourcing of sales other than sales of tangible personal property.

Sponsored By: Mark D. Obenshain (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 and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mark D. Obenshain

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 10 • No: 5

Senate vote • 1/28/2025

Passed by indefinitely in Finance and Appropriations

Yes: 10 • No: 5

Actions Timeline

  1. Passed by indefinitely in Finance and Appropriations (10-Y 5-N)

    1/28/2025Senate
  2. Impact statement from TAX (SB1456)

    1/23/2025Senate
  3. Referred to Committee on Finance and Appropriations

    1/17/2025Senate
  4. Presented and ordered printed 25104690D

    1/17/2025Senate

Bill Text

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