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2013 SESSION

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SB 859 Income tax, state; deduction for payment of tolls in qualified locality.

Introduced by: Harry B. Blevins-resigned 8/5 | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Taxable income; deduction for payment of certain tolls. Allows a qualified taxpayer to deduct from his Virginia adjusted gross income an amount equal to 50 percent of the amount paid by the taxpayer for tolls in a qualified locality. A qualified locality is one in which the unemployment rate is higher than the statewide average and (i) in which a public-private transportation project that includes tolling is located or (ii) that is adjacent to a locality in which such a project is located. A qualified taxpayer is a taxpayer who resides in a qualified locality.


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