February 19, 2010

A personal letter to all members of the Senate Finance Committee

Re: HB 384 (Cox, J.A.)

To Whom It May Concern:

The Virginia Society of Certified Public Accountants (VSCPA) supports HB 384 to no longer require individual taxpayers who file amended returns because of a change or correction in their income tax owed to another state to have previously claimed a credit for the tax owed to such state.

This legislation fixes an inequity in the statute by allowing taxpayers to claim a refund after action taken by a foreign state, a situation which is not under the control of the taxpayer or their representative.

On behalf of its 9,000 members, the VSCPA urges you to support HB 384 to amend the individual income tax reporting requirements as described above. Thank you for your consideration and please do not hesitate to contact us if we can be of any assistance to you on this or any other matter facing the Commonwealth. 

Questions and concerns may be directed to VSCPA Government Affairs Director Emily Walker at ewalker@vscpa.com or (804) 612-9428.

Sincerely,

James K. Walker, CPA

Chair, VSCPA Board of Directors

Cc:       Delegate John A. Cox

            Bill Axselle

            Travis Hill