State Codes and Statutes
Statutes > Virginia > Title-46-2 > Chapter-14 > 46-2-1404§ 46.2-1404. Ridesharing payments or transit reduced fares are not income.
Money and other benefits, other than salary, received by a driver in aridesharing arrangement using a motor vehicle with a seating capacity for notmore than fifteen persons, including the driver, shall not constitute incomefor the purpose of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 imposingtaxes on income. Regular payments by riders toward a capital recovery fundnot exceeding the cost of the vehicle or used to pay for leasing the vehicleshall be considered reimbursement for eligible expenses of operation. Neithershall the difference in the amount between discount and full transit faresconstitute income for the purpose of Chapter 3 of Title 58.1 imposing taxeson income.
(1981, c. 218, § 46.1-560; 1989, c. 727; 2002, c. 337.)
