VA HB551 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Corporate income tax; apportionment. Allows, for taxable years beginning on and after January 1, 2024, for corporations to apportion their income to the Commonwealth using the single sales factor method. The bill provides that such apportionment method shall be used only if the corporation makes an election to do so.
Title
Income tax, Corporate; apportionment of income using single sales factor method.
Sponsors
Roll Calls
2024-02-05 - House - House: Subcommittee recommends laying on the table (5-Y 3-N) (Y: 5 N: 3 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-13 | House | Left in Finance |
| 2024-02-05 | House | Subcommittee recommends laying on the table (5-Y 3-N) |
| 2024-02-02 | House | Assigned Finance sub: Subcommittee #1 |
| 2024-01-09 | House | Referred to Committee on Finance |
| 2024-01-09 | House | Prefiled and ordered printed; offered 01/10/24 24103605D |
