Source: https://law.lis.virginia.gov/vacode/title58.1/chapter3/section58.1-322.01/
Timestamp: 2020-02-18 01:34:52
Document Index: 572398693

Matched Legal Cases: ['§ 58', '§ 58', '§ 55', '§ 55', '§ 36', '§ 36']

§ 58.1-322.01. Virginia taxable income; additions
Table of Contents » Title 58.1. Taxation » Subtitle I. Taxes Administered by the Department of Taxation » Chapter 3. Income Tax » Article 2. Individual Income Tax » § 58.1-322.01. Virginia taxable income; additions
6. (Effective until October 1, 2019) For taxable years beginning on and after January 1, 2014, any loss for the taxable year that was deducted as a capital loss for federal income tax purposes by an account holder attributable to such person's first-time home buyer savings account established pursuant to Chapter 32 (§ 55-555 et seq.) of Title 55. For purposes of this subdivision, "account holder" and "first-time home buyer savings account" mean the same as those terms are defined in § 55-555.
6. (Effective October 1, 2019) For taxable years beginning on and after January 1, 2014, any loss for the taxable year that was deducted as a capital loss for federal income tax purposes by an account holder attributable to such person's first-time home buyer savings account established pursuant to Chapter 12 (§ 36-171 et seq.) of Title 36. For purposes of this subdivision, "account holder" and "first-time home buyer savings account" mean the same as those terms are defined in § 36-171.