SB 1456: Income tax, corporate; sourcing of sales other than sales of tangible personal property.

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.

Latest recorded action

Passed by indefinitely in Finance and Appropriations (10-Y 5-N)

Jan 28, 2025

This is the latest action supplied by the source, not the full legislative history.

Track bills like this one

Mandate alerts you when a bill that matters to your organization moves, and explains what it means.