In an effort to coordinate Virginia's income tax with the federal income tax as amended by the federal Tax Reform Act of 1986, the Virginia General Assembly passed several bills amending the individual and corporate income tax provisions of title 58.1 of the Code of Virginia (the "Code"). In addition, the General Assembly enacted several miscellaneous bills, the most important of which covered changes to the sales and use tax and the real estate and recordation taxes.
Carle E. Davis,
Annual Survey of Virginia Law: Taxation,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol21/iss4/14