Interim Studies & Commission Listings

Work Group to Assess the Feasibility of Transitioning to a Unitary Combined Reporting System for Corporate Income Tax Purposes

  • Description: The Division of Legislative Services, in conjunction with the Department of Taxation, is directed to establish a work group to assess the feasibility of transitioning to a unitary combined reporting system for corporate income tax purposes. The work group of stakeholders shall assess the administrative feasibility, the impact on major classifications of corporations operating in Virginia, the impact on corporate expansion within and into Virginia, and the projected impact on Virginia's tax revenue as a result of adopting corporate income tax unitary combined reporting. The work group shall identify and make recommendations as to any legislation necessary should Virginia transition to unitary combined reporting, including the repeal of obsolete provisions and amendments to existing provisions of the Code of Virginia. The work group also shall identify the different legal authorities and requirements that would apply to corporations under a unitary combined reporting system and identify and solicit input from corporations that may be affected by such a transition. The work group shall also identify, to the extent possible, the fiscal impact to Virginia of transitioning to a unitary combined corporate reporting system.
  • Report Date: November 1, 2021
  • Expiration Date: January 2022
  • Qualifications: The Secretary of Finance, the Secretary of Commerce and Trade, and the Chairmen of the House Committee on Finance and the Senate Committee on Finance and Appropriations shall be represented on the work group and shall participate in selecting its members.
  • Staff Contact:

    Stephen Kindermann, DLS, (804) 698-1880, skindermann@dls.virginia.gov and Joshua Kaplan, DLS, (804) 698-1817, jkaplan@dls.virginia.gov

All members appointed by Appointed pursuant to HJR 563 (2021 Special Session I). Appointment coincident with House term.
House Members:
Name
The Honorable Vivian E. Watts, Chair, House Finance
All members appointed by Appointed pursuant to HJR 563 (2021 Special Session I). Appointment coincident with Senate term.
Senate Members:
Name
The Honorable David W. Marsden, Member, Senate Finance and Appropriations Committee
Citizen Members:
Name Representing Appointed By Term
Tyler Henderson Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Gary Tappana Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Mike Carchia Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Tammy Herrin Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Jon Elder Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Tim Winks Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Glen Page Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Tom Powers Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Karen Lint Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Lori Nieto Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Ken Wright Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Alison Malloy Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Kathleen Kittrick Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
David Brunori Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Greg Matson Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
William "Sandy" Rowe Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Ellen Berenholz Workgroup members chosen by DLS, in consultation with the Chairs of the House Committee on Finance, Senate Committee on Finance and Appropriations, Secretary of Finance, and Secretary of Commerce and Trade  
Ex Officio Members:
Name Title
The Honorable Joseph Flores Secretary of Finance
The Honorable Brian Ball Secretary of Commerce and Trade
Craig Burns Commissioner, Department of Taxation
William White Assistant Commissioner, Department of Taxation
Cassidy Rasnick Deputy Secretary, Commerce and Trade
June Jennings Deputy Secretary of Finance
Membership and Term Information:
Max # House: 1 Appointment Coincident With House Term? YES
Max # Senate: 1 Appointment Coincident With Senate Term? YES
Max # Citizens: 17
Max # Ex Officio: 6
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