License tax, local; work group to review deduction for receipts attributable to out-of-state.
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What it does
Official summary
License taxes; deduction for out-of-state receipts; work group; report. Directs the Department of Taxation to convene a work group to review the policies, methods, existing laws, and potential impacts of the local license tax deduction in Virginia for receipts attributable to out-of-state business and to submit a report of the findings and recommendations, if any, of the work group to the Joint Subcommittee on Tax Policy and to the Chairs of the House Committee on Finance, the House Committee on Appropriations, and the Senate Committee on Finance and Appropriations by October 1, 2025.
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More on this bill
Where it stands
Introduced
Passed House
Passed Senate
To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Mar 21Acts of Assembly Chapter text (CHAP0192)Latest