                                 CODE OF VIRGINIA

DEEMED CONSENT TO DISCLOSURE (§ 58.1-3.3)

When a credit or other tax attribute has been transferred from a transferor to a
transferee pursuant to a statutory provision permitting such transfer, then:

1. The transferor shall be deemed to consent to the disclosure to the transferee
of any confidential tax information relevant to the eligibility and value of the
credit or other tax attribute transferred; and

2. The transferee shall be deemed to consent to the disclosure by the Department
to the transferor of the amount of the transferred credit or other tax attribute
used or absorbed on the transferee&#8217;s tax return when such disclosure is
necessary in the administration of the chapter.

HISTORY: 2008, c. 549.