The Virginia Tax Commissioner determined that the deadline for filing applications for the Qualified Equity and Subordinated Debt Investments Tax Credit is strictly enforced, with no exceptions allowed for late filings, even if caused by a third party. The taxpayer’s late application for the credit for tax year 2024 was denied because it missed the April 1, 2025, filing deadline. [Va. Tax Comm’n, PD 25-117, 11/20/25]
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