SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2015 SESSION

  • print version
(SB904)

AMENDMENT(S) PROPOSED BY THE SENATE

FINANCE

    1. Line 174, introduced, after 2015

      strike

        2017

      insert

        2020

FINANCE

    2. Line 630, introduced, after 2015

      strike

        2017

      insert

        2020

FINANCE

    3. Line 655, introduced, after Act (§ 2.2-4000 et seq.).

      insert

        2. That beginning in 2015 the Department of Taxation shall record on an annual basis using the most recent taxable year data available the fiscal savings from the long-term capital gain and investment services partnership interest income subtraction accruing to (i) individuals pursuant to subdivision C 35 of § 58.1-322 of the Code of Virginia and (ii) corporations pursuant to subdivision C 24 of § 58.1-402 of the Code of Virginia. The Department shall also record the number of individual income tax returns and corporate income tax returns on which the subtraction was claimed. The Department shall report such information to the Governor, any member of the General Assembly, or other person upon request.