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HB2701

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

Status:
Killed

Chief Patron:
Bobby Orrock (R)

Session:
2019 Regular Session

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.
  • Bill History

  • 01/15/2019 - House: Presented and ordered printed 19103771D
  • 01/15/2019 - House: Referred to Committee on Rules
  • 01/22/2019 - House: Impact statement from TAX (HB2701)
  • 01/23/2019 - House: Referred from Rules
  • 01/23/2019 - House: Referred to Committee on Finance
  • 02/05/2019 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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