Bill Text: VA SB1403 | 2011 | Regular Session | Introduced

Virginia Senate Bill 1403 (Prior Session Legislation)

Introduced

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-02-08 - Senate: Left in Finance [SB1403 Detail]

Download: Virginia-2011-SB1403-Introduced.html

11104209D
SENATE BILL NO. 1403 Offered January 18, 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. ---------- Patron-- 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through 58.1-439.12:02), and 20 (§§ 58.1-500 through 58.1-504) of Chapter 3 of Title 58.1 of the Code of Virginia are repealed.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 or after July 1, 2013.