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GA Adjustment
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