2025 Regular Session • Virginia Legislature
HB1866: Corporate income tax; sourcing of sales other than sales of tangible personal property.
Legislative Summary
Corporate income tax; sourcing of sales other than sales of tangible personal property. Implements market-based corporate income tax sourcing for attributing sales, other than sales of tangible personal property, to Virginia beginning in taxable year 2026.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/6/2025
Prefiled and ordered printed; Offered 01-13-2025 25104097D
House of Delegates
1/6/2025
Referred to Committee on Finance
House of Delegates
1/22/2025
Impact statement from TAX (HB1866)
House of Delegates
1/31/2025
Tabled in Finance (12-Y 8-N)
House of Delegates
Roll Call Votes
Tabled in Finance (12-Y 8-N)
1/31/2025
12
Yea
8
Nay
0
Not Voting
2
Absent
Result: PASSED
Status Information
Current Status
Introduced(1/6/2025)
Chamber
House of Delegates
Sponsors
Republican: 1
Primary Sponsor
Joseph McNamara
Republican