Virginia Decodedhttps://vacode.org6011258.1-399.6De minimis exception2025TaxationTaxes Administered by the Department of TaxationIncome TaxReporting Adjustments to Federal Taxable Income from Federal Partnership Audits
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.