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Get and Sign Fillable Online Tax Virginia Form FWV Application for Farm
250 000. What Does the Taxpayer Need to Do Upon receiving notification of the allowable credit amount taxpayers may claim the allowable credit amount on the applicable Virginia income tax return and compute any carryover credit amount. The purpose of this credit is to incentivize winery and vineyard establishment and expansion in Virginia by lessening the burden on Virginia vineyards and farm wineries. Taxpayers cannot claim both this credit and a federal deduction for the same expenses under...
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