Virginia Regulatory Town Hall
Agency
Department of Taxation
 
GDForum ID: 239
Description of Proposed Guidance Document Changes
During the 2018 Session, the Virginia General Assembly enacted House Bill 798 (2018 Acts of Assembly, Chapter 807), which requires multistate debt buyers to apportion their income to Virginia using a special method of apportionment (“Debt Buyer Apportionment”). Under Debt Buyer Apportionment, debt buyers are required to use a single factor method of apportionment based on sales and market-based sourcing methods to source certain sales that consist of money recovered on debt.
 
Guidance Document(s) for this Comment Forum
 
Document ID Document Title Document in Effect Proposed Document
7072 Final Debt Buyer Apportionment Guidelines n/a pdf Proposed Document Updated on 11/16/2021
 
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: 1/6/2020    Volume: 36  Issue: 10
The public comment period began upon publication and extended for 30 days. It ended on 2/5/2020.
There were no comments

Effective Date:  2/6/2020 
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