VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2014 SESSION

• | print version

HB 442 Income tax, corporate; market-based sourcing.

Introduced by: Glenn R. Davis | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; market-based sourcing. Changes the way the sales factor is determined, for purposes of the corporate income tax, so that it will be market-based sourcing rather than costs of performance, which is the current method used. The provisions of the bill would become effective beginning on January 1 of the year following the calendar year in which the Department of Taxation publishes guidelines to implement market-based sourcing, but in no event later than January 1, 2016.

FULL TEXT

• 01/05/14  House: Prefiled and ordered printed; offered 01/08/14 14102326D  pdf

HISTORY

• 01/05/14  House: Prefiled and ordered printed; offered 01/08/14 14102326D
• 01/05/14  House: Referred to Committee on Finance
• 01/22/14  House: Assigned Finance sub: Subcommittee #3
• 01/24/14  House: Subcommittee recommends laying on the table by voice vote
• 02/12/14  House: Left in Finance