HB541 - Income tax, state; deduction for qualified business income.
Virginia - 2024 Regular Session
Introduced byJoseph P. McNamara
Last updated 9 months ago
1 Co-Sponsor
Income tax; deduction for qualified business income. Establishes, beginning with tax year 2024, an individual income tax deduction in an amount equal to 50 percent of certain federal qualified business income deductions, excluding qualified real estate investment trust dividends.
STATUS
Introduced
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