                                 CODE OF VIRGINIA

INVESTMENTS ELIGIBLE FOR TAX CREDITS (§ 58.1-318)

A. For purposes of this section, &#8220;funding portal&#8221; means a website
that (i) allows accredited investors to participate in general solicitation
transactions by an issuer that meet the requirements of &#xA7; 4(a)(6) of the
Securities Act of 1933, P.L. 112-106, or (ii) is an online broker or funding
portal registered with the federal Securities Exchange Commission pursuant to
&#xA7; 4A(a) of the Securities Act of 1993, P.L. 112-106.

B. Any investment made by a taxpayer that is transacted via an online general
solicitation, an online broker, or a funding portal shall be eligible for any
tax credit authorized pursuant to this chapter, so long as the investment itself
meets the criteria set forth in the statute specifically authorizing the credit.

HISTORY: 2013, c. 289.