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1995 SESSION

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HB 1424 Deduction for income taxes paid to another state in a prior year.

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

SUMMARY:

Virginia adjusted gross income. Provides a subtraction for Virginia residents for income taxes, in calculating their Virginia adjusted gross income, for income taxes paid to another state in a prior year on income previously not included in federal adjusted gross income (i.e., retirement income) and for contributions to a pension plan which were subject to an income tax in a foreign country in a prior taxable year.


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