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1995 SESSION

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HB 1966 Taxable income; Individual Retirement Account contributions.

Introduced by: V. Earl Dickinson | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia taxable income. Allows a taxpayer to deduct the withdrawal of Individual Retirement Account (IRA) contributions to the extent the contributions were subject to the income tax in another state. This results from a handful of states which do not conform to the federal treatment of IRA contributions. Rolled into House Bill 1424.


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