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2020 SESSION

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HB 1109 Income tax, corporate; combined reporting requirements, disclosures.

Introduced by: Sally L. Hudson | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; combined reporting requirements; disclosures. Requires, for taxable years beginning on or after January 1, 2021, unitary combined reporting for Virginia corporate income tax purposes. The bill also requires corporations, beginning with taxable year 2020, to submit a public disclosure report to the Department of Taxation with certain data related to their state taxes, which will be redacted to hide their identities prior to publication.


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