{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/58.1-319.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/58.1-319.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/58.1-319.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/58.1-319.html"}],"law_id":371569,"edition_id":2,"section_id":371569,"structure_id":52889,"section_number":"58.1-319","catch_line":"Unclaimed tax credits; report","history":"2013, c. 657.","full_text":"If any tax credit authorized pursuant to this title has not been claimed by any taxpayer during the preceding five calendar years, such credit shall be deemed obsolete, and the Department shall not authorize any taxpayer to claim such credit against any tax levied pursuant to this title in future calendar years except as expressly authorized by the General Assembly. The Department shall report to the House Committee on Appropriations, the House Committee on Finance, and the Senate Committee on Finance and Appropriations no later than February 1 of each year as to all credits that are deemed obsolete and shall publish such report on its website.\n\nFor purposes of this section, a credit shall be considered claimed in the calendar year when it is claimed by a taxpayer and shall not include the carryover or transfer of a credit in subsequent years as authorized by law, nor shall this section be interpreted to prevent the lawful carryover or transfer of a credit previously authorized by the Department.\n\n","order_by":null,"text":{"0":{"id":1385575,"text":"If any tax credit authorized pursuant to this title has not been claimed by any taxpayer during the preceding five calendar years, such credit shall be deemed obsolete, and the Department shall not authorize any taxpayer to claim such credit against any tax levied pursuant to this title in future calendar years except as expressly authorized by the General Assembly. The Department shall report to the House Committee on Appropriations, the House Committee on Finance, and the Senate Committee on Finance and Appropriations no later than February 1 of each year as to all credits that are deemed obsolete and shall publish such report on its website.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":""},"1":{"id":1385576,"text":"For purposes of this section, a credit shall be considered claimed in the calendar year when it is claimed by a taxpayer and shall not include the carryover or transfer of a credit in subsequent years as authorized by law, nor shall this section be interpreted to prevent the lawful carryover or transfer of a credit previously authorized by the Department.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":""}},"ancestry":[{"id":52889,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":52888,"metadata":{"child_laws":22,"child_structures":0},"date_created":"2026-08-02 03:07:22","date_modified":"2026-08-02 12:35:50","permalink":{"id":1480271,"object_type":"structure","relational_id":52889,"identifier":"1","token":"58.1\/I\/3\/1","url":"\/58.1\/I\/3\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52888,"edition_id":2,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":3,"parent_id":52818,"metadata":{"child_laws":307,"child_structures":23},"date_created":"2026-08-02 03:07:22","date_modified":"2026-08-02 12:35:49","permalink":{"id":1480269,"object_type":"structure","relational_id":52888,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52818,"edition_id":2,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":2,"parent_id":52815,"metadata":{"child_laws":762,"child_structures":68},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1479077,"object_type":"structure","relational_id":52818,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52815,"edition_id":2,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":125,"parent_id":null,"metadata":{"child_laws":1793,"child_structures":194},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1478961,"object_type":"structure","relational_id":52815,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":371444,"structure_id":52889,"section_number":"58.1-300","catch_line":"Incomes not subject to local taxation","url":"\/58.1-300\/","token":"58.1\/I\/3\/1\/58.1-300","metadata":false},{"id":371455,"structure_id":52889,"section_number":"58.1-301","catch_line":"(Applicable to taxable years beginning on and after January 1, 2023) Conformity to Internal Revenue Code","url":"\/58.1-301\/","token":"58.1\/I\/3\/1\/58.1-301","metadata":false},{"id":371466,"structure_id":52889,"section_number":"58.1-302","catch_line":"Definitions","url":"\/58.1-302\/","token":"58.1\/I\/3\/1\/58.1-302","metadata":false},{"id":371467,"structure_id":52889,"section_number":"58.1-303","catch_line":"Residency for portion of tax year","url":"\/58.1-303\/","token":"58.1\/I\/3\/1\/58.1-303","metadata":false},{"id":371468,"structure_id":52889,"section_number":"58.1-304","catch_line":"Reserved","url":"\/58.1-304\/","token":"58.1\/I\/3\/1\/58.1-304","metadata":false},{"id":371469,"structure_id":52889,"section_number":"58.1-305","catch_line":"Duties of commissioner of the revenue relating to income tax","url":"\/58.1-305\/","token":"58.1\/I\/3\/1\/58.1-305","metadata":false},{"id":371470,"structure_id":52889,"section_number":"58.1-306","catch_line":"Filing of individual, estate or trust income tax returns with the Department","url":"\/58.1-306\/","token":"58.1\/I\/3\/1\/58.1-306","metadata":false},{"id":371471,"structure_id":52889,"section_number":"58.1-307","catch_line":"Disposition of returns; handling of state income tax payments; audit","url":"\/58.1-307\/","token":"58.1\/I\/3\/1\/58.1-307","metadata":false},{"id":371472,"structure_id":52889,"section_number":"58.1-308","catch_line":"Assessment and payment of deficiency; fraud; penalties","url":"\/58.1-308\/","token":"58.1\/I\/3\/1\/58.1-308","metadata":false},{"id":371473,"structure_id":52889,"section_number":"58.1-309","catch_line":"Refund of overpayment","url":"\/58.1-309\/","token":"58.1\/I\/3\/1\/58.1-309","metadata":false},{"id":371474,"structure_id":52889,"section_number":"58.1-310","catch_line":"Examination of federal returns","url":"\/58.1-310\/","token":"58.1\/I\/3\/1\/58.1-310","metadata":false},{"id":371487,"structure_id":52889,"section_number":"58.1-311","catch_line":"Report of change in federal taxable income","url":"\/58.1-311\/","token":"58.1\/I\/3\/1\/58.1-311","metadata":false},{"id":371485,"structure_id":52889,"section_number":"58.1-311.1","catch_line":"Report of change in taxes paid to other states","url":"\/58.1-311.1\/","token":"58.1\/I\/3\/1\/58.1-311.1","metadata":false},{"id":371486,"structure_id":52889,"section_number":"58.1-311.2","catch_line":"Final determination date","url":"\/58.1-311.2\/","token":"58.1\/I\/3\/1\/58.1-311.2","metadata":false},{"id":371498,"structure_id":52889,"section_number":"58.1-312","catch_line":"Limitations on assessment","url":"\/58.1-312\/","token":"58.1\/I\/3\/1\/58.1-312","metadata":false},{"id":371514,"structure_id":52889,"section_number":"58.1-313","catch_line":"Immediate assessment where collection jeopardized by delay; notice of assessment; termination of taxable period; memorandum of lien","url":"\/58.1-313\/","token":"58.1\/I\/3\/1\/58.1-313","metadata":{"court_decisions":""}},{"id":371525,"structure_id":52889,"section_number":"58.1-314","catch_line":"Lien of jeopardy assessment; notice of lien","url":"\/58.1-314\/","token":"58.1\/I\/3\/1\/58.1-314","metadata":false},{"id":371536,"structure_id":52889,"section_number":"58.1-315","catch_line":"Transitional modifications to Virginia taxable income","url":"\/58.1-315\/","token":"58.1\/I\/3\/1\/58.1-315","metadata":false},{"id":371547,"structure_id":52889,"section_number":"58.1-316","catch_line":"Information reporting on rental payments to nonresident payees; penalties","url":"\/58.1-316\/","token":"58.1\/I\/3\/1\/58.1-316","metadata":false},{"id":371558,"structure_id":52889,"section_number":"58.1-317","catch_line":"Filing of estimated tax by nonresidents upon the sale of real property; penalties","url":"\/58.1-317\/","token":"58.1\/I\/3\/1\/58.1-317","metadata":false},{"id":371568,"structure_id":52889,"section_number":"58.1-318","catch_line":"Investments eligible for tax credits","url":"\/58.1-318\/","token":"58.1\/I\/3\/1\/58.1-318","metadata":false},{"id":371569,"structure_id":52889,"section_number":"58.1-319","catch_line":"Unclaimed tax credits; report","url":"\/58.1-319\/","token":"58.1\/I\/3\/1\/58.1-319","metadata":false}],"previous_section":{"id":371568,"structure_id":52889,"section_number":"58.1-318","catch_line":"Investments eligible for tax credits","url":"\/58.1-318\/","token":"58.1\/I\/3\/1\/58.1-318","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-319\/","history_text":"

This law was first created in 2013. The record of its establishment is cataloged in chapter 657<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1480357,"object_type":"law","relational_id":371569,"identifier":"58.1-319","token":"58.1\/I\/3\/1\/58.1-319","url":"\/58.1-319\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/58.1-319\/","token":"58.1\/I\/3\/1\/58.1-319","dublin_core":{"Title":"Unclaimed tax credits; report","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-319","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If any tax credit authorized pursuant to this title has not been claimed by any taxpayer<\/span> during the preceding five calendar years, such credit shall be deemed obsolete, and the Department<\/span> shall not authorize any taxpayer<\/span> to claim such credit against any tax levied pursuant to this title in future calendar years except as expressly authorized by the General Assembly. The Department<\/span> shall report to the House Committee on Appropriations, the House Committee on Finance, and the Senate Committee on Finance and Appropriations no later than February 1 of each year as to all credits that are deemed obsolete and shall publish such report on its website.<\/p>

For purposes of this section, a credit shall be considered claimed in the calendar year when it is claimed by a taxpayer<\/span> and shall not include the carryover or transfer of a credit in subsequent years as authorized by law<\/span>, nor shall this section be interpreted to prevent the lawful carryover or transfer of a credit previously authorized by the Department<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nUNCLAIMED TAX CREDITS; REPORT (\u00a7 58.1-319)\n\nIf any tax credit authorized pursuant to this title has not been claimed by any\ntaxpayer during the preceding five calendar years, such credit shall be deemed\nobsolete, and the Department shall not authorize any taxpayer to claim such\ncredit against any tax levied pursuant to this title in future calendar years\nexcept as expressly authorized by the General Assembly. The Department shall\nreport to the House Committee on Appropriations, the House Committee on Finance,\nand the Senate Committee on Finance and Appropriations no later than February 1\nof each year as to all credits that are deemed obsolete and shall publish such\nreport on its website.\n\nFor purposes of this section, a credit shall be considered claimed in the\ncalendar year when it is claimed by a taxpayer and shall not include the\ncarryover or transfer of a credit in subsequent years as authorized by law, nor\nshall this section be interpreted to prevent the lawful carryover or transfer of\na credit previously authorized by the Department.\n\nHISTORY: 2013, c. 657.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}