Department of Taxation (161)
Request Title | Unitary Combined Reporting and Market Based Sourcing Study (257 #1c) |
Biennium | 2024-2026 |
Budget Round | Amended Bill |
Half Sheet Number | 257 #1c |
Description
This amendment directs the Department of Taxation to study corporate income tax in Virginia, focusing on market-based sourcing for sales. The study will focus on the impacts to Virginia's economy and general fund revenue with the Joint Subcommittee on Tax Policy evaluating any potential fiscal implications. A final report with recommendations is to be submitted by November 15, 2025, to the Money Committees. |
Funding Details
By Program | Program Code | Program Title | FY 2024 | FY 2025 |
By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
Authorized Position Details
By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-21-2025 08:27:06