Virginia mulls cutting recordation, corporate income taxes

Posted on by Savanna in Media Coverage

Two Republican members of the Virginia House of Delegates are eyeing a pair of tax cuts with broad implications — one that would affect every mortgage borrower in the commonwealth, and one that would go to businesses that put more people to work.

The General Assembly session kicks off in Richmond Jan. 12, but House members are well into the pre-filing season. Most tax-related bills won’t survive the House, as tax hikes are taboo for the GOP-controlled body and tax cuts are often unaffordable in a down economy.

But delegates David Albo, R-Springfield, and Dickie Bell, R-Staunton, have a couple of measures they hope will fly. Both bills, they say, should cost the state little, but have wide impact.

Read more: Virginia mulls cutting recordation, corporate income taxes | Washington Business Journal

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