VA HB 956
deadLicense taxes; deduction for out-of-state receipts.
Virginia · 2026 Regular Session · lower
Quick answers
Did VA HB 956 pass?
No. VA HB 956 did not pass — it was defeated or died in the legislative process (2026-02-18). Latest recorded action (2026-02-18): Left in Finance
What is VA HB 956 about?
License taxes; deduction for out-of-state receipts. Provides that, for purposes of the license tax deduction for out-of-state receipts, such receipts shall be determined based upon the facts and circumstances of the taxpayer's business operation, without regard to the amount of income, receipts, or revenue ultimately computed as taxable under the methodology used by the state or country to which such receipts are attributable. The bill defines "income or other tax based upon income" as a net income tax, as defined in federal law, or, if the state or country to which such receipts are attributable does not have a net income tax as defined in federal law, a business activity tax such state or country does have, the measure of which is based in whole or in part on gross or net income or receipts.
Who sponsors VA HB 956?
Vivian E. Watts is the primary sponsor of VA HB 956.
Description
License taxes; deduction for out-of-state receipts. Provides that, for purposes of the license tax deduction for out-of-state receipts, such receipts shall be determined based upon the facts and circumstances of the taxpayer's business operation, without regard to the amount of income, receipts, or revenue ultimately computed as taxable under the methodology used by the state or country to which such receipts are attributable. The bill defines "income or other tax based upon income" as a net income tax, as defined in federal law, or, if the state or country to which such receipts are attributable does not have a net income tax as defined in federal law, a business activity tax such state or country does have, the measure of which is based in whole or in part on gross or net income or receipts.
- Introduced
- 2026-01-13
- Latest action
- 2026-02-18 — Left in Finance
- Bill type
- bill
- Last updated
- —
Sponsors
- Vivian E. Wattsprimary
Committees
Not provided by source.
Action timeline
2026-01-13
Prefiled and ordered printed; Offered 01-14-2026 26104401D
filing,introduction
2026-01-13
Referred to Committee on Finance
referral-committee
2026-01-26
Fiscal Impact statement From TAX (1/26/2026 9:23 pm)
2026-01-27
Subcommittee failed to recommend reporting (4-Y 6-N)
committee-failure
2026-02-18
Left in Finance
Versions
Documents
Votes
Subcommittee recommends reporting
2026-01-27 · fail · 4-6
Member-level votes (11)
- Bonita G. Anthony: no
- Elizabeth B. Bennett-Parker: no
- Karen Keys-Gamarra: yes
- Nicole Cole: not voting
- Stacey Annie Carroll: yes
- Lindsey Dougherty: no
- Margaret A. Franklin: yes
- R. Lee Ware: no
- Wendell S. Walker: no
- Thomas A. Garrett, Jr.: no
- Vivian E. Watts: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
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