Income tax, corporate; combined reporting requirements, disclosures.
Summary
Corporate income tax; combined reporting requirements; disclosures. Requires, for taxable years beginning on or afterJanuary 1, 2021, unitary combined reporting for Virginia corporateincome tax purposes. The bill also requires corporations, beginningwith taxable year 2020, to submit a public disclosure report to theDepartment of Taxation with certain data related to their state taxes,which will be redacted to hide their identities prior to publication.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2020
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2020
Last action Feb 5, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Jan 31, 2020
Lower · Passed
Subcommittee recommends continuing to 2021
lower
Jan 29, 2020
Committee
Assigned Finance sub: Subcommittee #3
lower
Jan 7, 2020
Committee
Referred to Committee on Finance
lower
Jan 7, 2020
Introduced
Prefiled and ordered printed; offered 01/08/20 20101799D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Sally Hudson
DDemocratic
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