VA HB371 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2014 - 25% progression, died in committee
Action: 2014-02-03 - Continued to 2015 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 3 2014 - 25% progression, died in committee
Action: 2014-02-03 - Continued to 2015 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Local license tax. Requires that beginning with the 2015 license year, the optional local license (BPOL) tax would be imposed on the Virginia taxable income of corporations and the net income of sole proprietorships and pass-through entities. Under current law, the optional BPOL tax is imposed on the gross receipts or gross revenues of businesses.
Title
License tax, local; tax on net income of businesses.
Sponsors
| Sen. Chris Head [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-03 | House | Continued to 2015 in Finance by voice vote |
| 2014-01-29 | House | Subcommittee recommends continuing to 2015 by voice vote |
| 2014-01-17 | House | Assigned Finance sub: Subcommittee #2 |
| 2014-01-03 | House | Referred to Committee on Finance |
| 2014-01-03 | House | Prefiled and ordered printed; offered 01/08/14 14102439D |
Subjects
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB371 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB371+hil |
