SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2023 SESSION

  • | print version

SB 1349 Internet root infrastructure providers; taxation of corporations, apportionment.

Introduced by: George L. Barker | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Taxation of corporations; apportionment; Internet root infrastructure providers. Provides that Internet root infrastructure providers, defined in the bill, that meet certain criteria and choose to enter into a memorandum of understanding with the Virginia Economic Development Partnership Authority may use a hybrid sales factor in their income apportionment calculations when filing Virginia corporate income tax returns. The bill is effective for taxable years beginning on and after January 1, 2023, provided that the provider and the Authority enter into an MOU no later than December 1, 2023. This bill is identical to HB 1481.


FULL TEXT

AMENDMENTS

HISTORY