Bill Text: VA HB2151 | 2011 | Regular Session | Introduced

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Bill Title: Income tax, corporate; eliminates State's tax for taxable years beginning January 1, 2011.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2011-02-08 - House: Left in Finance [HB2151 Detail]

Download: Virginia-2011-HB2151-Introduced.html

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11103815D
HOUSE BILL NO. 2151 Offered January 12, 2011 Prefiled January 12, 2011 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-- Cline and Bell, Richard P. ---------- 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through 58.1-439.12:02), and 20 (§§ 58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.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, 2011.