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Virginia · 2025 Regular Session · Bill

HB 552: Income tax, corporate; sourcing of sales other than sales of tangible personal property.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 552 is a bill introduced in the Virginia House on January 9, 2024. According to its official title, it concerns: Income tax, corporate; sourcing of sales other than sales of tangible personal property. Primary sponsor: Joe McNamara (Republican). Most recent recorded action (November 18, 2024): Left in Finance.

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 with taxable year 2025.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Joe McNamaraPrimary sponsorRepublicanHouse40

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Left in Finance
  2. Continued to 2025 in Finance (Voice Vote)
  3. Impact statement from TAX (HB552)
  4. Referred to Committee on Finance
  5. Prefiled and ordered printed; offered 01/10/24 24103622D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source