VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2009 SESSION

• | print version

SB 1549 Income tax, state; individual credit for certain new motor vehicle purchases.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Individual income tax credit; new motor vehicle purchases.  Provides an individual income tax credit equal to 10 percent of the purchase price of passenger cars, motorcycles, and pickup or panel trucks that are model year 2008 or later and that have not been previously sold by a dealer. The maximum tax credit that would be allowed is $2,500, and no more than $500 of the tax credit could be claimed by the individual in any taxable year. Any unused tax credit could be carried forward for seven years.

FULL TEXT

• 02/05/09  Senate: Presented and ordered printed 092917332  pdf

HISTORY

• 02/05/09  Senate: Unanimous consent to introduce
• 02/05/09  Senate: Presented and ordered printed 092917332
• 02/05/09  Senate: Referred to Committee on Finance
• 02/05/09  Senate: Failed to report (defeated) in Finance (5-Y 10-N)