Description: Report on the findings and recommendations of the work group convened to review the local license tax deduction in Virginia for receipts attributable to out-of-state business, including a review of (i) current
policy and methodology of the deduction set forth in subdivision B. 2. of § 58.1-3732 of the Code of Virginia; (ii) any constitutional or case law concerns regarding the existing laws governing such deduction; (iii) any
potential impact on local government revenue as a result of determining such deduction based upon receipts subject to a net income tax or gross receipts tax in another state or foreign jurisdiction and alternatives to
phase in any such potential impact; (iv) the potential administrative complexities or benefits for taxpayers and the support structure necessary to verify across local jurisdictions the applicable tax deduction and to
enforce compliance; and (v) any impact to such deduction from other existing provisions of law.
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