Bill Text: VA HB119 | 2010 | Regular Session | Prefiled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Income tax, corporate; eliminates State tax for taxable years on and after January 1, 2010.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2010-02-16 - House: Left in Appropriations [HB119 Detail]

Download: Virginia-2010-HB119-Prefiled.html

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10101115D
HOUSE BILL NO. 119 Offered January 13, 2010 Prefiled January 5, 2010 A BILL to repeal Articles 10 (§§58.1-400 through 58.1-422), 13 (§§58.1-432 through 58.1-439.12:02), and 20 (§§58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia, relating to corporate income tax. ----------
Patrons-- Purkey, Carrico, Cole and Gilbert; Senators: McDougle and Obenshain
---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1.  That Articles 10 (§§58.1-400 through 58.1-422), 13 (§§58.1-432 through 58.1-439.12:02), and 20 (§§58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.

2.  That the provisions of this act shall be effective for taxable years beginning on and after January 1, 2010.