Joe McNamara
- Republican
- Delegate
- District 40
Primary
Corporate income tax; apportionment. Allows,for taxable years beginning on and after January 1, 2024, for corporationsto apportion their income to the Commonwealth using the single salesfactor method. The bill provides that such apportionment method shallbe used only if the corporation makes an election to do so.
Left in Finance
Subcommittee recommends laying on the table (5-Y 3-N)
Assigned Finance sub: Subcommittee #1
Impact statement from TAX (HB551)
Prefiled and ordered printed; offered 01/10/24 24103605D
Referred to Committee on Finance
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24103605D | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB551F161.PDF |
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