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2012 SESSION

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SB 78 Income tax, corporate; taxes paid in another state.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate tax credit; taxes paid in another state.  Allows an entity that pays corporate income tax in Virginia based upon 100 percent of its sales to receive a tax credit equal to the amount of income tax paid in another state for sales in that state. The tax credit would apply to tax years beginning on or after January 1, 2012.

FULL TEXT

• 01/05/12  Senate: Prefiled and ordered printed; offered 01/11/12 12102723D  pdf | impact statement

HISTORY

• 01/05/12  Senate: Prefiled and ordered printed; offered 01/11/12 12102723D
• 01/05/12  Senate: Referred to Committee on Finance
• 02/14/12  Senate: Stricken at request of Patron in Finance (15-Y 0-N)