                                 CODE OF VIRGINIA

RIDESHARING PAYMENTS OR TRANSIT REDUCED FARES ARE NOT INCOME (§ 46.2-1404)

Money and other benefits, other than salary, received by a driver in a
ridesharing arrangement using a motor vehicle with a seating capacity for not
more than fifteen persons, including the driver, shall not constitute income for
the purpose of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 imposing taxes on
income. Regular payments by riders toward a capital recovery fund not exceeding
the cost of the vehicle or used to pay for leasing the vehicle shall be
considered reimbursement for eligible expenses of operation. Neither shall the
difference in the amount between discount and full transit fares constitute
income for the purpose of Chapter 3 of Title 58.1 imposing taxes on income.

HISTORY: 1981, c. 218, § 46.1-560; 1989, c. 727; 2002, c. 337.