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HB 609 VA
Introduced

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

VA · session 2027 · Assembly / House · bill

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Introduced Jan 13, 2026

Latest action (Jul 21, 2026) Continued from last session

Summary

This bill would modify Virginia's corporate income tax provisions regarding how sales of intangible property and services are sourced for tax purposes. Sourcing determines which state has the right to tax income from a particular transaction when a company operates in multiple states. The bill would establish or modify rules for attributing sales of services and intangible goods to Virginia for corporate income tax purposes. This would affect how much corporate income tax corporations owe Virginia based on where their service and intangible property sales are sourced.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

A BILL to amend and reenact §§ 58.1-416, as it is effective and as it may become effective, 58.1-422.4, and 58.1-422.5, as it may become effective, of the Code of Virginia and to repeal the third enactment of Chapter 256 and the third enactment of Chapter 257 of the Acts of Assembly of 2022, relating to corporate income tax; sourcing of sales other than sales of tangible personal property.

Sponsor (1)

Action history (8)
  1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26101765D · lower
  2. Jan 13, 2026 Referred to Committee on Finance · lower
  3. Feb 5, 2026 Assigned HFIN sub: Subcommittee #1 · lower
  4. Feb 8, 2026 Fiscal Impact statement From TAX (2/8/2026 2:03 pm) · lower
  5. Feb 11, 2026 House committee offered · lower
  6. Feb 11, 2026 Continued to next session in Finance (Voice Vote) · lower
  7. Feb 12, 2026 House committee offered · lower
  8. Jul 21, 2026 Continued from last session · lower

Full text

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