The provisions of § 58.1-332 of Code of Virginia will apply mutatis mutandis to trusts and estates. See Individual Income Tax Regulations, 23VAC10-110-220 through 23VAC10-110-222. The credit is available only to the entity which paid the tax, that is, a credit to a beneficiary for a tax paid by the beneficiary to another state, or a credit to the trust for tax paid by the trust to another state.

Statutory Authority

§§ 58.1-203 and 58.1-371 of the Code of Virginia.

Historical Notes

Derived from VR630-5-371, eff. January 1, 1985.