![code of va. 58.1-322 code of va. 58.1-322](https://slideplayer.com/8024575/25/images/slide_1.jpg)
The amount required to be included in income for the purpose of computingthe partial tax on an accumulation distribution pursuant to 667 of theInternal Revenue Code.Ĭ.
#Code of va. 58.1 322 code
The amount of a lump sum distribution from a qualified retirement plan,less the minimum distribution allowance and any amount excludable for federalincome tax purposes that is excluded from federal adjusted gross incomesolely by virtue of an individual's election to use the averaging provisionsunder 402 of the Internal Revenue Code andĩ. Unrelated business taxable income as defined by 512 of the InternalRevenue Code Ĥ. Interest or dividends, less related expenses to the extent not deducted indetermining federal taxable income, on obligations or securities of anyauthority, commission or instrumentality of the United States, which the lawsof the United States exempt from federal income tax but not from state incometaxes ģ. Interest, less related expenses to the extent not deducted in determiningfederal income, on obligations of any state other than Virginia, or of apolitical subdivision of any such other state unless created by compact oragreement to which Virginia is a party Ģ. To the extent excluded from federal adjusted gross income, there shall beadded:ġ. The Virginia taxable income of a resident individual means his federaladjusted gross income for the taxable year, which excludes combat pay forcertain members of the Armed Forces of the United States as provided in 112of the Internal Revenue Code, as amended, and with the modificationsspecified in this section.ī. 2006 Code of Virginia § 58.1-322 - Virginia taxable income of residentsĥ8.1-322.