Income taxes, state; payments to producers of quota tobacco and tobacco quota holders. (SB70)

Introduced By

Sen. Frank Ruff (R-Clarksville) with support from 6 copatrons, whose average partisan position is:

Progress

√
 Introduced
√
 Passed Committee
√
 Passed House
√
 Passed Senate
√
 Signed by Governor
√
 Became Law

Description

Income taxes; payments to producers of quota tobacco and tobacco quota holders. Provides a subtraction from income, for taxable years beginning on or after January 1, 2006, in computing individual and corporate income taxes for payments to producers of quota tobacco and tobacco quota holders pursuant to the American Jobs Creation Act of 2004. Amends § 58.1-322 (“Virginia taxable income of residents.”), § 58.1-402 (“Virginia taxable income.”), of the Code of Virginia. View Full Text »

Status

03/24/2006: signed by governor
View Bill's History