Land preservation tax credit; taxpayer to give consent when tax credit, etc. has been transferred. (HB849)
Introduced By
Del. Lee Ware (R-Powhatan) with support from co-patrons Del. Dave Albo (R-Springfield), Del. Clay Athey (R-Front Royal), Del. Scott Lingamfelter (R-Woodbridge), Del. John O'Bannon (R-Richmond), and Del. Beverly Sherwood (R-Winchester)
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; land preservation tax credits. Specifies when a taxpayer is deemed to give consent regarding certain tax information when a tax credit or other tax attribute has been transferred. The legislation also addresses the statute of limitations, waiver of same, notice requirements, and participation in administrative and judicial remedies regarding any tax attributable to pass-through entity items. Amends § 58.1-1820 (“Definitions.”), § 58.1-1821 (“Application to Tax Commissioner for correction.”), § 58.1-1822 (“Action of Tax Commissioner on application for correction.”), § 58.1-1825 (“Application to court for correction of erroneous or improper assessments of state taxes generally.”), § 58.1-1826 (“Action of court.”), § 58.1-3.3 (“Deemed consent to disclosure.”), § 58.1-394.3 (“Pass-through entity items.”), of the Code of Virginia. View Full Text »
