SEARCH SITE
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.
2012 SESSION
12102586DBe it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding in Article 13 of Chapter 3 of Title 58.1 a section numbered 58.1-439.12:11 as follows:
§ 58.1-439.12:11. Tax credit for taxes on sales paid in another state.
For taxable years beginning on or after January 1, 2012, a taxpayer that pays corporate income tax pursuant to § 58.1-400 based upon 100 percent of its sales shall be eligible to claim a credit against the taxes levied pursuant to § 58.1-400 equal to the amount of taxes paid to another state that collects tax based upon sales in that state. The taxpayer shall claim the credit on its income tax return in a manner prescribed by the Department.