58.1-611 - Credit for taxes paid in another state. - Virginia Statutes

§ 58.1-611. Credit for taxes paid in another state.

A credit shall be granted against the taxes imposed by this chapter withrespect to a person's use in this Commonwealth of tangible personal propertypurchased by him in another state. The amount of the credit shall be equal tothe tax paid by him to another state or political subdivision thereof byreason of the imposition of a similar tax on his purchase or use of theproperty. The amount of the credit shall not exceed the tax imposed by thischapter.

(Code 1950, § 58-441.8; 1966, c. 151; 1984, c. 675.)