Saturday, October 11, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1365: Income tax, state; animal adoption fee 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 58.1-339.12 as follows:
§ 58.1-339.12. Animal adoption fee tax credit.
For taxable years beginning on and after January 1, 2008, any individual shall be entitled to a credit against the tax imposed pursuant to § 58.1-320 in an amount equal to the adoption fee or $100, whichever is less, for adopting a companion animal, as defined in § 3.1-796.66, from a pound, as defined in § 3.1-796.66, or shelter that is operated by a nonprofit entity that meets the criteria described in § 58.1-609.11, provided the individual has a tax liability exceeding the credit amount. The individual shall be limited to one such credit per year that may only be taken for the taxable year during which the animal is adopted.
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.