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1999 SESSION

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HB 1332 Income tax; calculating income when children's income included.

Introduced by: Anne G. Rhodes | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; calculating Virginia taxable income when children's unearned income included. Allows taxpayers when calculating their Virginia taxable income to subtract their children's unearned income when reported for on the taxpayer's federal income tax return. The subtraction will be allowed for taxable years beginning on and after January 1, 1998.


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