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2019 SESSION

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HB 2701 Income tax, corporate; subtraction for amount of business interest.

Introduced by: Robert D. Orrock, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax subtraction; business interest. Establishes a subtraction from a corporation's Virginia taxable income for the amount of business interest that is disallowed as a deduction from federal taxable income by 163(j) of the Internal Revenue Code.


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