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 |
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Posted On 12/14/2017
Document on Town Hall
|
| Explanation or Citations |
Va. Code § 58.1-318 |
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