{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-1504.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-1504.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-1504.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-1504.html"}],"law_id":57300,"edition_id":1,"section_id":57300,"structure_id":14700,"section_number":"58.1-1504","catch_line":"Credit against tax","history":"Code 1950, \u00a7 58-685.37; 1974, c. 431; 1984, cc. 547, 675.","full_text":"A credit shall be granted against the tax imposed by this chapter with respect to a person’s use in this Commonwealth of an aircraft purchased by him in another state, or assembled by him from component parts on which Virginia retail sales or use tax was paid. The amount of the credit shall be equal to the tax paid by him to another state by reason of the imposition of a similar tax on his purchase or use of the property or the amount of Virginia retail sales and use tax paid on the component parts of such assembled aircraft. The amount of the credit shall not exceed the tax imposed by this chapter.","order_by":null,"text":{"0":{"id":209871,"text":"A credit shall be granted against the tax imposed by this chapter with respect to a person’s use in this Commonwealth of an aircraft purchased by him in another state, or assembled by him from component parts on which Virginia retail sales or use tax was paid. The amount of the credit shall be equal to the tax paid by him to another state by reason of the imposition of a similar tax on his purchase or use of the property or the amount of Virginia retail sales and use tax paid on the component parts of such assembled aircraft. The amount of the credit shall not exceed the tax imposed by this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14700,"edition_id":1,"name":"Virginia Aircraft Sales and Use Tax","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:49:24","date_modified":"2026-06-26 03:49:24","permalink":{"id":252577,"object_type":"structure","relational_id":14700,"identifier":"15","token":"58.1\/I\/15","url":"\/58.1\/I\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60270,"structure_id":14700,"section_number":"58.1-1500","catch_line":"Title","url":"\/58.1-1500\/","token":"58.1\/I\/15\/58.1-1500","metadata":false},{"id":80281,"structure_id":14700,"section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501","metadata":false},{"id":71879,"structure_id":14700,"section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502","metadata":false},{"id":86448,"structure_id":14700,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503","metadata":false},{"id":57300,"structure_id":14700,"section_number":"58.1-1504","catch_line":"Credit against tax","url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504","metadata":false},{"id":68485,"structure_id":14700,"section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505","metadata":false},{"id":72324,"structure_id":14700,"section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506","metadata":false},{"id":86323,"structure_id":14700,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507","metadata":false},{"id":71171,"structure_id":14700,"section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508","metadata":false},{"id":64771,"structure_id":14700,"section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509","metadata":false},{"id":56341,"structure_id":14700,"section_number":"58.1-1510","catch_line":"Civil penalties","url":"\/58.1-1510\/","token":"58.1\/I\/15\/58.1-1510","metadata":false}],"previous_section":{"id":86448,"structure_id":14700,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503","metadata":false},"next_section":{"id":68485,"structure_id":14700,"section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1504\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1974, chapter 431; in 1984, chapters 547 and 675.<\/p>","references":[{"id":57054,"section_number":"5.1-5","catch_line":"Registration of aircraft","order_by":null,"url":"\/5.1-5\/"}],"refers_to":false,"permalink":{"id":252595,"object_type":"law","relational_id":57300,"identifier":"58.1-1504","token":"58.1\/I\/15\/58.1-1504","url":"\/58.1-1504\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504","dublin_core":{"Title":"Credit against tax","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1504","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A credit shall be granted against the tax imposed by this chapter with respect to a person’s use in this Commonwealth of an aircraft<\/span> purchased by him in another state, or assembled by him from component parts on which Virginia retail sales<\/span> or use tax was paid. The amount of the credit shall be equal to the tax paid by him to another state by reason of the imposition of a similar tax on his purchase or use of the property or the amount of Virginia retail sales<\/span> and use tax paid on the component parts of such assembled aircraft<\/span>. The amount of the credit shall not exceed the tax imposed by this chapter.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCREDIT AGAINST TAX (\u00a7 58.1-1504)\n\nA credit shall be granted against the tax imposed by this chapter with respect\nto a person’s use in this Commonwealth of an aircraft purchased by him in\nanother state, or assembled by him from component parts on which Virginia retail\nsales or use tax was paid. The amount of the credit shall be equal to the tax\npaid by him to another state by reason of the imposition of a similar tax on his\npurchase or use of the property or the amount of Virginia retail sales and use\ntax paid on the component parts of such assembled aircraft. The amount of the\ncredit shall not exceed the tax imposed by this chapter.\n\nHISTORY: Code 1950, \u00a7 58-685.37; 1974, c. 431; 1984, cc. 547, 675.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}