Income tax, state; riparian waterway tax credit. (HB1309)

Introduced By

Del. Harvey Morgan (R-Gloucester)

Progress

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

Description

Income tax; riparian waterway tax credit. Adds "grantor's trust" to the definition of "individual" and changes the term "taxpayer" to individual. This will allow a grantor's trust to benefit from the tax credit when the property is held in the trust's name. Amends § 58.1-339.10 (“Riparian forest buffer protection for waterways tax credit.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History