Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 4 · column 4 of 7 · from the scan, no model involved
ment contains a “Seller’s Indemnity” pledging that, in case the credit is disallowed, the landowner will return to the buyer the full price paid for the credits plus reasonable legal and related costs.)
8) The buyer gives a check to the landowner. (At this point, it would seem prudent for the landowner to invest the proceeds of the sale in some risk-free vehicle, and to maintain that investment until it is clear that the tax credit has been allowed.
9) The landowner files a second “Form LPC” notifying the Department of Taxation that tax credits have been transferred to another Virginia taxpayer (individual or corporate).
10) The State Department of Taxation sends a letter to the landowner providing a “Credit Transaction Number,” and warning that this letter “does not constitute the Department of Taxation’s approval of the amount” of the credits claimed.
11) The Department of Taxation sends to buyerrof the credits a similar letter to be attached to the buyer’s Virginia tax return.
The buyer of the tax credit
90.9%