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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 58.1. Taxation |
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SUBTITLE I. Taxes Administered By the Department of Taxation |
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CHAPTER 3. Income Tax |
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ARTICLE 9.1. Reporting Adjustments to Federal Taxable Income From Federal Partnership Audits |
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SECTION 58.1-399.6. De minimis exception |
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The Department may establish a de minimis tax liability amount. If a partner or partnership has a tax liability less than such amount, the Department may exempt such partner or partnership from the reporting and payment requirements of this article. 2020, c. 1030 . |