Virginia Regulatory Town Hall
Department of Taxation
Guidance Document Information
Title Crowdfunding Guidelines
Document ID Corporate/Individual
Summary During the 2013 Session, the Virginia General Assembly enacted House Bill 1872 (2013 Acts of Assembly, Chapter 289), which clarifies that a crowdfunding investment is eligible for any income tax credit for which it otherwise qualifies. This legislation required the Department of Taxation (“the Department”) to develop guidelines to facilitate the submission of any electronic documents by a taxpayer to document or verify that an eligible crowdfunding investment has been made. These guidelines are published by the Department to provide guidance to taxpayers regarding tax credits that crowdfunding investments may be used to claim.
Effective Date 10/3/2016
pdf View document text     Posted On 12/14/2017                 Document on Town Hall
Explanation or Citations Va. Code § 58.1-318

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