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2016 Session

Budget Amendments - HB30 (Member Request)

Chief Patron: Farrell
Elimination of Political Candidate Contribution Tax Credit (language only)

Item 3-5.14 #1h

Item 3-5.14 #1h

Adjustments and Modifications to Tax Collections
Elimination of Political Candidate Contribution Tax Credit

Language

Page 451, after line 25, insert:

"§3-5.14 POLITICAL CANDIDATE CONTRIBUTION TAX CREDIT

Notwithstanding any other provision of law, effective for tax years  beginning on or after January 1, 2016, no credit shall be allowed under § 58.1-339.6."



Explanation

(This amendment eliminates the tax credit provided for contributions to political candidates effective tax year 2016.)