Tuesday, June 22, 2010

Virginia Joint Legislative Audit and Review Commission Reviewing Virginia's Corporate Income Tax System

The Joint Legislative Audit and Review Commission (JLARC) is conducting a review of Virginia's corporate income tax system, as directed by the 2009 Virginia General Assembly via HJR 681. You can ensure your perspective is taken into account by taking an anonymous survey by Friday, July 2.

JLARC is surveying C-corporations and pass-through entities with ties to Virginia in order to obtain as much business input as possible.
The Commission will then report to the General Assembly on:

  • The simplicity, equitability and appropriateness of the state's corporate income tax system
  • How it compares to other states'
  • The extent to which it affects economic development
  • Potential improvements
JLARC plans to release a final report on Nov. 8, 2010.  Click here for more information or  to participate in the survey before July 2.

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