                                 CODE OF VIRGINIA

CREDIT FOR TAXES PAID IN ANOTHER STATE (§ 58.1-611)

A credit shall be granted against the taxes imposed by this chapter with respect
to a person&#8217;s use in this Commonwealth of tangible personal property
purchased by him in another state. The amount of the credit shall be equal to
the tax paid by him to another state or political subdivision thereof by reason
of the imposition of a similar tax on his purchase or use of the property. The
amount of the credit shall not exceed the tax imposed by this chapter.

HISTORY: Code 1950, § 58-441.8; 1966, c. 151; 1984, c. 675.