Tax Type
Individual Income Tax
Description
Retirement benefits paid by a government authority
Topic
Subtractions and Exclusions
Date Issued
12-10-1987
December 10, 1987
Re: Ruling Request - Individual Income Tax
Dear **************
This is in reply to your letter of September 1, 1987 in which you request a ruling as to whether the retirement benefits paid by the *********** (Authority) to its officers, employees, or surviving spouses of those individuals are exempt from Virginia income taxation under Virginia Code §58.1-322 C.3.
RULING
Based upon an examination of the facts presented, we agree that the retirement benefits paid by Authority to its officers, employees, or surviving spouses of those individuals are exempt from Virginia income taxation under Virginia Code §58.1-322 C.3.
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner