                                 CODE OF VIRGINIA

VOLUNTARY CONTRIBUTIONS; COST OF ADMINISTRATION (§ 58.1-344.2)

For all voluntary contributions made on individual income tax returns for
taxable years beginning on or after January 1, 2003, except those made pursuant
to § 58.1-344.4, the Department of Taxation may retain up to five percent of
all voluntary contributions made for the taxable year, but not to exceed $50,000
for any taxable year, for its costs in administering voluntary contributions.
The amount otherwise payable to each organization for which a voluntary
contribution has been designated shall be reduced on a pro rata basis in
accordance with the amount of voluntary contributions designated to the specific
organization in the previous taxable year as compared to the total of all
voluntary contributions designated to organizations in the previous taxable
year.

HISTORY: 2002, cc. 395, 413; 2013, cc. 28, 402.