HB 798 Income tax; subtractions for tobacco farmers from settlement funds.
Frank M. Ruff | all patrons    ...    notes
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Summary as introduced:
Income tax; subtractions for income received by tobacco farmers from tobacco settlement funds. Provides a subtraction from federal adjusted gross income for individuals, and from federal taxable income for corporations, when calculating Virginia taxable income for any amounts received by tobacco farmers or tobacco farming businesses from tobacco settlement funds. This subtraction will be allowed for taxable years beginning on and after January 1, 1999. The bill declares that an emergency exists and that it is effective upon passage.

Full text:
01/21/00  House: Presented & ordered printed w/emg. clause 003182920  pdf

Status:
01/21/00  House: Presented & ordered printed w/emg. clause 003182920
01/21/00  House: Referred to Committee on Finance
01/24/00  House: Assigned to Finance sub-committee: 2
02/06/00  House: Stricken from docket by Finance (23-Y 0-N)