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1998 SESSION

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HB 1346 Corporate income tax; exemptions.

Introduced by: Alan A. Diamonstein | all patrons    ...    notes | add to my profiles

SUMMARY:

Exemption from corporate income tax. Exempts corporations with $5 million or less in gross receipts and $50,000 or less in Virginia taxable income for taxable years beginning on and after January 1, 1999, from the corporate income tax. Tax returns must still be filed by such corporations.


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