Legislation

Title: Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2024)
Sponsored by: Delegates Hartman, Arentz, Buckel, Chisholm, Grammer, Griffith, Hornberger, Jacobs, Mangione, McComas, Miller, T. Morgan, Rose, and Tomlinson
Status: In the House - Hearing 2/29 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Decreasing, over 5 taxable years, the State corporate income tax rate from 8.25% to 6.25%.

Committees

Committee Testimony

Details

Cross-filed with: SB0923

Introduced in a prior session as: HB0741 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2024) Proceedings
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action Hearing 2/29 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2024	2/09/2024	First Reading Ways and Means
			Text - First - Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2024)
House	2/09/2024	2/09/2024	Hearing 2/29 at 1:00 p.m.

File Code

Subjects

Statutes