Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Taxation
 
GDForum ID: 62
Description of Proposed Guidance Document Changes
During the 2019 Session, the Virginia General Assembly enacted budget language to study the impact of the business interest limitation on entities that are part of an affiliated group and that file a Virginia combined or consolidated return. The budget language requires the Department to convene a working group by June 1, 2019 regarding this matter. On May 20, 2019, the Department held a working group meeting and solicited comments from affected parties regarding the application of this limitation for Virginia income tax purposes. The budget language also requires that the Department develop and make available guidelines regarding the determination of the business interest limitation by December 1, 2019. Such guidelines are required to apply to taxable years beginning on or after January 1, 2018.
 
Guidance Document(s) for this Comment Forum
 
Document ID Document Title Document in Effect Proposed Document
6764 Guidelines Regarding the Business Interest Limitation n/a pdf Proposed Document Updated on 12/3/2020
 
Contact Information
 
Name:
James Savage
        Title:
Tax Policy Analyst
 
Email:
james.savage@tax.virginia.gov
 
Address:
P.O Box 27185
 
City:
Richmond
State:  
VA
Zip:  
23261-7185
 
Phone:
(804)371-2301
Fax:  
()-
 
The Virginia Register
 

Publication Date: 11/25/2019    Volume: 36  Issue: 7
The public comment period began upon publication and extended for 30 days. It ended on 12/25/2019.
View Comments      There are 2 comments. The last comment was entered on 12/24/2019

Effective Date:  12/26/2019 
X
ID (You can leave this blank if your agency doesn't use custom document IDs)


Title


  (a new row will be created in the table)
X
Key in part of a contact name, email address or street address and select your contact



View Guidance Documents