SB 518 Income tax; deduction for qualified charitable contributions.
Stanley C. Walker | all patrons    ...    notes
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Summary:
Virginia taxable income; deduction for qualified charitable contributions. Creates an income deduction for 50 percent of the amount of a taxpayer's charitable contributions in excess of $500 in any taxable year. The deduction is not available if the taxpayer has itemized deductions on his federal income tax return. Contributions are deductible only if the donation or gift would qualify as a charitable contribution under the Internal Revenue Code.

Full text:
01/26/98  Senate: Presented & ordered printed 983095753  pdf

Status:
01/26/98  Senate: Presented & ordered printed 983095753
01/26/98  Senate: Referred to Committee on Finance
02/25/98  Senate: Left in Finance