58.1-480 - Withheld amounts credited to individual taxpayer; withholding statement to be filed with return. - Virginia Statutes

§ 58.1-480. Withheld amounts credited to individual taxpayer; withholdingstatement to be filed with return.

The amount deducted and withheld under this article during any calendar yearfrom the wages of any individual shall be allowed to the recipient of theincome as a credit against the tax imposed by this chapter for the taxableyear beginning in such calendar year. If more than one taxable year begins ina calendar year, such amount shall be allowed as a credit against the tax forthe last taxable year so beginning. As a prerequisite to obtaining suchcredit the individual taxpayer must file with his income tax return one copyof the withholding statement provided for by § 58.1-478.

(Code 1950, § 58-151.17; 1962, c. 612; 1984, c. 675.)