76524258.1-301Virginia Decodedhttps://vacode.org2016TaxationTaxes Administered By The Department Of TaxationIncome TaxGeneral ProvisionsConformity to Internal Revenue CodeCode 1950, § 58-151.01; 1971, Ex. Sess., c. 171; 1980, c. 633; 1984, c. 675; 1994, c. 1; 2003, cc. 2, 163; 2004, c. 512; 2005, cc. 5, 26; 2006, cc. 63, 162; 2007, cc. 59, 782; 2008, cc. 1, 2; 2009, cc. 2, 3, 781; 2010, cc. 872, 874; 2011, cc. 2, 866, 890; 2012, cc. 2, 335, 480, 578; 2013, cc. 4, 693; 2014, c. 1; 2014, cc. 1, 2; 2015, cc. 1, 61; 2016, cc. 2, 19.Virginia Dept. of Taxation v. Davenport9612701997-02-28https://www.courtlistener.com/opinion/1060067/virginia-dept-of-taxation-v-davenport/ . . . awarded the Department an . . . <abbr title="Supreme Court of Virginia">SCV</abbr>http://law.lis.virginia.gov/vacode/58.1-301//58.1-301/58.1/I/3/1/58.1-30113.1-1120Any term used in this chapter shall have the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required.sectionAA1Any reference in this chapter to the laws of the United States relating to federal income taxes shall mean the provisions of the Internal Revenue Code of 1954, and amendments thereto, and other provisions of the laws of the United States relating to federal income taxes, as they existed on December 31, 2015, except for:sectionBB1 The special depreciation allowance for certain property provided for under §§ 168(k), 168(l), 168(m), 1400L, and 1400N of the Internal Revenue Code;sectionB1B12 The carry-back of certain net operating losses for five years under § 172(b)(1)(H) of the Internal Revenue Code;sectionB2B22 The original issue discount on applicable high yield discount obligations under § 163(e)(5)(F) of the Internal Revenue Code;sectionB3B32 The amount of the deduction allowed for domestic production activities pursuant to § 199 of the Internal Revenue Code for taxable years beginning on or after January 1, 2010. For Virginia income tax purposes, two-thirds of the amount deducted pursuant to § 199 of the Internal Revenue Code for federal income tax purposes during the taxable year may be deducted for Virginia income tax purposes for taxable years beginning on and after January 1, 2010. For taxable years beginning on and after January 1, 2013, the entire amount of the deduction allowed for domestic production activities pursuant to § 199 of the Internal Revenue Code may be deducted for Virginia income tax purposes.The Department of Taxation is hereby authorized to develop procedures or guidelines for implementation of the provisions of this section, which procedures or guidelines shall be exempt from the provisions of the Administrative Process Act (§ 2.2-4000 et seq.).sectionB5B52Virginia Dept. of Taxation v. Davenport9612701997-02-28https://www.courtlistener.com/opinion/1060067/virginia-dept-of-taxation-v-davenport/ . . . awarded the Department an . . . <abbr title="Supreme Court of Virginia">SCV</abbr>