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Virginia Tax Commissioner Determines Taxpayer Wasn’t Eligible for Out-of-State Deduction, Affirms Additional Tax Assessment

Nov. 14, 2022, 5:00 AM

The Virginia Tax Commissioner July 21 determined in a letter ruling that a county’s assessment of additional business, professional and occupational license tax was correct, for excise tax purposes. Taxpayer claimed an exclusion on a portion of gross receipts derived from designing and developing software in the county and a deduction for receipts attributable to business conducted outside Virginia. The county denied the exclusion, allowed the deduction only for revenues attributed to states that had an income tax, and assessed additional tax. Taxpayer appealed, contending it was eligible for the exclusion and a deduction for gross receipts earned in Ohio, ...