HB 2400 Individual income tax; subtraction; the Peanut Quota Buyout Program.
Riley E. Ingram | all patrons    ...    notes
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Summary as passed:
Individual income tax; subtraction for the Peanut Quota Buyout Program. Allows individuals and corporations who receive payments in accordance with the Peanut Quota Buyout Program of the Farm Security and Rural Investment Act of 2002 to subtract such payments when calculating their Virginia taxable income. The bill is retroactive to January 1, 2002, and has an emergency clause.


Summary as passed House:
Individual income tax; subtraction for the Peanut Quota Buyout Program. Allows individuals and corporations who receive payments in accordance with the Peanut Quota Buyout Program of the Farm Security and Rural Investment Act of 2002 to subtract such payments when calculating their Virginia taxable income. The bill is retroactive to January 1, 2002, and has an emergency clause.


Summary as introduced:
Individual income tax; subtraction for the Peanut Quota Buyout Program. Allows individuals and corporations who receive payments in accordance with the Peanut Quota Buyout Program of the Farm Security and Rural Investment Act of 2002 to subtract such payments when calculating their Virginia taxable income. The bill is retroactive to January 1, 2002, and has an emergency clause.