Virginia Corporate Income Tax Study
 
The 2009 Virginia General Assembly directed staff of the Joint Legislative Audit & Review Commission (JLARC)  to evaluate Virginia's corporate income tax system and to report their findings in November of this year.
 
JLARC is a credible oversight agency of the Virginia General Assembly, established to conduct independent, nonpartisan research on State policies and programs.  They have reached out to us in an effort to complete their work - on time. 
 
To obtain as much business input as possible, JLARC is administering an online survey of Virginia companies. The survey asks questions about (1) the simplicity, equitability, and appropriateness of the State's corporate income tax system, (2) the extent to which it affects economic development, and (3) options that Virginia could consider to improve its tax structure.
 
Please take the time to complete this important survey and make your voice heard! Completing the survey should take only 10 to 20 minutes. Initial responses were due earlier, but JLARC has extended the survey deadline until this Friday, July 9, 2010.
 
To participate, please click here
 
SOME IMPORTANT INFORMATION ABOUT THIS SURVEY:

-Your responses are confidential. They will not be shared with any State agency, including the Virginia Department of Taxation. Survey results will be presented only in aggregate form and will not be attributed to specific companies.
 
-Companies participating in this survey should be C-corporations or pass-through entities (S-corporation, partnership, LLC, LLP, etc.) of any size or industry.

-This survey should be completed by the individual responsible for overseeing your company's state taxes. Input from your Human Resources may be needed to answer questions about headcount, and from Business Development regarding questions about the factors that impact your company's site selection decisions.
 
 -Only one survey should be completed per company. If your company is part of an affiliated group, please complete only one survey that reflects the combined perspective of all affiliated entities that do business in Virginia. In addition, only one survey should be completed by companies that have multiple locations or facilities in Virginia.

Questions about this survey can be directed to Massey Whorley at 804 371-4569 or mwhorley@jlarc.virginia.gov.