Thursday, September 4, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1114: Income tax, state; animal adoption tax credit.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding in Article 3 of Chapter 3 of Title 58.1 a section numbered 58.1-339.11 as follows:
§ 58.1-339.11. Animal adoption tax credit.
For taxable years beginning on or after January 1, 2007, any individual who adopts one or more animals that have been held in public pounds or in § 501 (c) (3) animal shelters shall be entitled to a credit against the tax levied pursuant to § 58.1-320. The amount of the allowable credit shall equal one-half of the adoption fee, not to exceed $25 for each animal adopted by the individual taxpayer. The total amount allowed in any one year shall not exceed the taxpayer's annual tax liability.
The taxpayer shall submit proof of the number of animals adopted in the taxable year based on information requirements established by the Tax Commissioner that are explained in the income tax return instructions.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.