§ 58.1-399.6 De minimis exception
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.
History
This law was first created in 2020. The record of its establishment is cataloged in chapter 1030 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2020, c. 1030.