2025 Regular Session • Virginia Legislature
SB1456: Income tax, corporate; 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
Neutral
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Bill History
1/17/2025
Presented and ordered printed 25104690D
Senate
1/17/2025
Referred to Committee on Finance and Appropriations
Senate
1/23/2025
Impact statement from TAX (SB1456)
Senate
1/28/2025
Passed by indefinitely in Finance and Appropriations (10-Y 5-N)
Senate
Roll Call Votes
Passed by indefinitely in Finance and Appropriations (10-Y 5-N)
1/28/2025
10
Yea
5
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Introduced(1/17/2025)
Chamber
Senate
Sponsors
Republican: 1
Primary Sponsor
Mark Obenshain
Republican