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 5 · column 3 of 6 · from the scan, no model involved
forms will be available at the seminar.
As a buyer you will receive a letter from the Virginia Department of Taxation providing a Credit Transaction Number and warning that “this letter does not constitute the Department of Taxation’s approval of the amount.” You attach the letter to your Virginia tax return and use the assigned credits to reduce your taxes by the full amount you purchased from the seller.
In addition to sellers, a lawyer experienced in the process will be at the seminar, along with an accountant, an appraiser, and some previous buyers.
The Fine Print
Who can buy income tax credits?
Any person, corporation, partnership, organization, trust or estate subject to state or local income taxation in the Commonwealth of Virginia.
How much can I buy?
Sellers have no limit on the amount they can sell. Buyers are limited to $100,000 per year. But then, if you pay more than $100,000 per year in Virginia income taxes you are a large corporation, a tax credit broker, or vacationing in the south of France and not reading this.
Can I buy a credit in 2006 to offset 2005 taxes?
No. Tax credit transfers
96.7%