SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

  • | print version

HB 1530 Income tax, state; credit for commuter parking lot.

Introduced by: Jeffrey M. Frederick | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Income tax; commuter parking lot deduction.  Provides a deduction for taxable years beginning on and after January 1, 2006, to owners of shopping centers and strip malls who contribute to the locality the right to use certain parking spaces as commuter parking.  The amount of the annual deduction will not exceed $50 per parking space. The governing body of the county, city or town in which the commuter parking spaces are located must develop a plan based on guidelines established by the Department of Taxation.  


FULL TEXT

HISTORY