Saturday, November 22, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1080: Income tax, state; credits for care, protection, and adoption of certain animals.
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 sections numbered 58.1-339.12 and 58.1-339.13 as follows:
§ 58.1-339.12. Veterinarian pro bono services tax credit.
For taxable years beginning on or after January 1, 2008, any veterinarian who performs any medical procedure at no cost on animals that have been held in public pounds or in § 501 (c) (3) shelters shall be entitled to a credit against the tax levied pursuant to § 58.1-320. The amount of the allowable credit shall be $50 for each such procedure such veterinarian performs, but shall not exceed the taxpayer's annual tax liability.
The taxpayer shall submit proof of the number of applicable procedures he performed in the taxable year based on information requirements established by the Tax Commissioner that are explained in the income tax return instructions.
§ 58.1-339.13. Animal adoption tax credit.
For taxable years beginning on or after January 1, 2008, any individual who adopts an animal (i) that is held in a public pound, directly from that same public pound, or (ii) from any 501 (c) (3) shelter shall be entitled to a credit against the tax levied pursuant to § 58.1-320 in an amount equal to the sum of the fees and charges paid to the public pound or 501 (c) (3) shelter by the individual for the adopted animal. The amount of such credit shall not exceed $50 for each such animal adopted.
2. That the Department of Taxation shall determine the information requirements necessary to implement the provisions of this act and shall include them in the income tax return instructions beginning no later than January 1, 2009.
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.