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1997 SESSION

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HB 1680 Credits for income tax paid to other states.

Introduced by: W. Tayloe Murphy, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Credits for income tax paid to other states. Provides an income tax credit to Virginia residents for income taxes paid to another state on income derived from sources outside the Commonwealth, regardless of the character of the income. Currently, such a credit is allowed only for income tax paid to another state on earned or business income or gains on the sale of a primary residence in certain circumstances.


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