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2002 SESSION

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SB 463 Income tax; long-term care facility volunteers' tax credit.

Introduced by: Linda T. Puller | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; long-term care facility volunteers' tax credit. Provides a tax credit of one dollar for each hour that a taxpayer volunteers in a long-term care facility in Virginia. The maximum amount allowed annually is $100 or the amount of tax owed by the taxpayer, whichever is less. Any excess amount may be carried over for the next five taxable years. The taxpayer must include with his tax return a letter or written statement from the administrator, director or owner of the facility indicating the total hours served.


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