Virginia · 2025 Regular Session · Bill
HB 1866: Corporate income tax; sourcing of sales other than sales of tangible personal property.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1866 is a bill introduced in the Virginia House on January 6, 2025. According to its official title, it concerns: Corporate income tax; sourcing of sales other than sales of tangible personal property. Primary sponsor: Joe McNamara (Republican). Most recent recorded action (January 31, 2025): Tabled in Finance (12-Y 8-N).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Joe McNamara | Primary sponsor | Republican | House | 40 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Tabled in Finance (12-Y 8-N)
- Impact statement from TAX (HB1866)
- Referred to Committee on Finance
- Prefiled and ordered printed; Offered 01-13-2025 25104097D