Income tax, state; riparian waterway tax credit. (HB1309)
Introduced By
Del. Harvey Morgan (R-Gloucester)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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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 »

