                                 CODE OF VIRGINIA

REPORT OF CHANGE IN TAXES PAID TO OTHER STATES (§ 58.1-311.1)

If the amount of any individual taxpayer&#8217;s income tax reported on a return
filed with any other state for any taxable year is changed or corrected by such
state as a result of an examination conducted by a competent authority of such
state, and the taxpayer previously claimed a credit for such tax pursuant to §
58.1-332, the taxpayer shall file an amended return, or such other form as the
Department may prescribe, reporting the effects of such change or correction on
the taxpayer&#8217;s Virginia individual income tax within one year after the
final determination of such change or correction, or as otherwise required by
the Department, and shall concede the accuracy of such determination or declare
wherein it is erroneous. However, if the Department has sufficient information
from which to compute the proper additional tax and the taxpayer has paid such
tax, then the taxpayer is not required to file an amended individual income tax
return. Any taxpayer filing an amended income tax return with any other state
that results in a change to the taxpayer&#8217;s Virginia income tax shall also
file an amended return within one year thereafter under this chapter and shall
provide such information as the Department may require. The Department may by
regulation prescribe such exceptions to the requirements of this section as it
deems appropriate.

HISTORY: 2006, c. 234.