2006 Code of Virginia § 58.1-321 - Exemptions and exclusions

58.1-321. Exemptions and exclusions.

A. No tax levied pursuant to 58.1-320 is imposed, nor any return requiredto be filed by:

1. A single individual where the Virginia adjusted gross income for suchtaxable year is less than $5,000 for taxable years beginning on and afterJanuary 1, 1987, but before January 1, 2004.

A single individual where the Virginia adjusted gross income plus themodification specified in subdivision D 5 of 58.1-322 for such taxable yearis less than $5,000 for taxable years beginning on and after January 1, 2004,but before January 1, 2005.

A single individual where the Virginia adjusted gross income plus themodification specified in subdivision D 5 of 58.1-322 for such taxable yearis less than $7,000 for taxable years beginning on and after January 1, 2005.

2. An individual and spouse if their combined Virginia adjusted gross incomefor such taxable year is less than $8,000 for taxable years beginning on andafter January 1, 1987, (or one-half of such amount in the case of a marriedindividual filing a separate return) but before January 1, 2004.

An individual and spouse if their combined Virginia adjusted gross incomeplus the modification specified in subdivision D 5 of 58.1-322 is less than$8,000 for taxable years beginning on and after January 1, 2004, (or one-halfof such amount in the case of a married individual filing a separate return)but before January 1, 2005; and less than $14,000 for taxable years beginningon and after January 1, 2005 (or one-half of such amount in the case of amarried individual filing a separate return).

For the purposes of this section "Virginia adjusted gross income" meansfederal adjusted gross income for the taxable years with the modificationsspecified in 58.1-322 B, 58.1-322 C and the additional deductions allowedunder 58.1-322 D 2 b and D 5 for taxable years beginning before January 1,2004. For taxable years beginning on and after January 1, 2004, Virginiaadjusted gross income means federal adjusted gross income with themodifications specified in subsections B and C of 58.1-322.

B. Persons in the armed forces of the United States stationed on military ornaval reservations within Virginia who are not domiciled in Virginia shallnot be held liable to income taxation for compensation received from militaryor naval service.

(Code 1950, 58-151.03, 58.1-016; 1971, Ex. Sess., c. 171; 1972, cc. 310,827; 1978, cc. 159, 796; 1981, c. 402; 1984, c. 675; 1987, c. 9; 1993, c.803; 2004, Sp. Sess. I, c. 3.)