Fixed-Date of Conformity: VSCPA Letter to LegislatorsJanuary 18, 2006 A personal letter to all members of the General Assembly Re: House Bill 531 (Parrish); Conformity of taxation with the Internal Revenue Code; emergency. Dear Delegate, The Virginia Society of Certified Public Accountants (VSCPA) supports HB 531 to conform the Commonwealth's tax code to that of the Internal Revenue Code. HB 531 seeks to bring Virginia closer to conformity by moving the fixed date forward to 2005 and decreasing conflicts that burden taxpayers and preparers. We urge you to pass this legislation as quickly as the Assembly's schedule allows. Although HB 531 has an emergency clause, if the legislation is not passed until late in the session, many taxpayers and preparers may need to file amended returns to account for changes made to the Virginia tax code as a result of the bill's passage. On behalf of its 8,000 members, the VSCPA urges you to support HB 531 to move fixed date conformity to 2005 and consider this legislation early in your deliberations. Thank you for your consideration and please do not hesitate to contact us if we can be of any assistance to you on this or any other matter facing the Commonwealth. Questions and concerns may be directed to VSCPA Government Affairs Director Erin Collins at ecollins@vscpa.com or (800) 733-8272. The VSCPA's legislative counsel is Ralph L. "Bill" Axselle Jr., (804) 783-6405 of Williams Mullen. Sincerely, Douglas M. Marshall III, CPA LAST UPDATED 1/18/2006
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