"Our combined federal and state corporate income tax rate of 41 percent (35 percent federal plus 6 percent state) is now the highest in the world -- surpassing Japan and communist China -- and is double the average rate in developed countries. While other countries have been slashing this tax, America has been asleep at the switch ..."
This is from a commentary by Bob Marcellus in the 2010-01-17 Richmond Times Dispatch
Del Purkey has sponsored House Bill 119 to repeal the VA corporate income tax. Senator Ryan McDougle is the Senate cosponsor. This will be voted on in the current General Assembly session.
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