60.2-608.1 - Deduction and withholding of federal income tax. - Virginia Statutes

§ 60.2-608.1. Deduction and withholding of federal income tax.

A. For all payments made after December 31, 1996, federal income tax may bededucted and withheld from a benefit payment if the individual receiving suchbenefits voluntarily requests such deduction and withholding. The deductionshall be an amount equal to fifteen percent of such payment, or the amountdetermined by the Internal Revenue Service.

B. Any amount deducted and withheld under subsection A of this section shallremain in the Unemployment Compensation Fund until transferred to theInternal Revenue Service as a payment of income tax.

C. Any amount deducted and withheld under subsection A of this section shallbe treated as if it were paid to the individual as unemployment benefits.

D. Amounts shall be deducted and withheld under this section only afteramounts are deducted and withheld for any unemployment benefit overpayments,child support obligations, or any other amounts required to be deducted andwithheld under this title.

E. The Commission shall follow all procedures specified by the United StatesDepartment of Labor and the Internal Revenue Service pertaining to thededucting and withholding of federal income tax from unemployment benefits.

(1996, c. 107.)