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2015 SESSION

• | print version

HB 371 License tax, local; tax on net income of businesses.

Introduced by: Christopher T. Head | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.

FULL TEXT

• 01/03/14  House: Prefiled and ordered printed; offered 01/08/14 14102439D  pdf | impact statement

HISTORY

• 01/03/14  House: Prefiled and ordered printed; offered 01/08/14 14102439D
• 01/03/14  House: Referred to Committee on Finance
• 01/17/14  House: Assigned Finance sub: Subcommittee #2
• 01/29/14  House: Subcommittee recommends continuing to 2015 by voice vote
• 02/03/14  House: Continued to 2015 in Finance by voice vote
• 12/04/14  House: Left in Finance