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1999 SESSION

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HB 2223 Individual income tax; credit for taxes paid other states.

Introduced by: I. Vincent Behm, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Individual income tax; credit for taxes paid other states. Provides a credit to Virginia residents on their income tax when they pay tax to another state for any gain on the sale of a capital asset, effective for taxable years beginning on and after January 1, 2000, provided none of the car tax triggers occurs prior to such date and if one or more of such triggers occurs prior to January 1, 2000, the bill will take effect January 1 in the year after the year none of such triggers occurs.


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