VirginiaIncome tax, corporate; reduction of rate.
What it does
Corporate income tax rate; reduction. Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 28Passed by indefinitely in Finance and Appropriations (9-Y 4-N)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations. Result: pass.Upper
- Jan 26Fiscal Impact statement From TAX (1/26/2026 10:52 am)
- Jan 14Referred to Committee on Finance and AppropriationsMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26103137DIntroduced
- Jan 28Passed by indefinitely in Finance and Appropriations (9-Y 4-N)Latest