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1995 SESSION

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HB 1422 Definition of foreign source income.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Definition of foreign source income. Adds "compensation for labor or personal services performed outside the United States" to the list of items defined as foreign source income. The effect of this is to provide a subtraction in calculating Virginia taxable income for taxpayers who have such foreign source income and pay taxes on that income to the country in which it is earned. Rolled into House Bill 1424.

FULL TEXT

• 01/11/95  House: Presented & ordered printed, prefiled 11/15/94 LD6013364  pdf

HISTORY

• 01/11/95  House: Presented & ordered printed, prefiled 11/15/94 LD6013364
• 01/11/95  House: Referred to Committee on Finance
• 01/13/95  House: Assigned to Finance sub-committee: 1
• 02/08/95  House: No action taken by Finance by voice vote