Virginia Statutes
§ 46.2-1404 — Ridesharing payments or transit reduced fares are not income
Virginia § 46.2-1404
This text of Virginia § 46.2-1404 (Ridesharing payments or transit reduced fares are not income) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 46.2-1404 (2026).
Text
Money and other benefits, other than salary, received by a driver in a ridesharing arrangement using a motor vehicle with a seating capacity for not more than fifteen persons, including the driver, shall not constitute income for the purpose of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 imposing taxes on income. Regular payments by riders toward a capital recovery fund not exceeding the cost of the vehicle or used to pay for leasing the vehicle shall be considered reimbursement for eligible expenses of operation. Neither shall the difference in the amount between discount and full transit fares constitute income for the purpose of Chapter 3 of Title 58.1 imposing taxes on income.
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Legislative History
1981, c. 218, § 46.1-560; 1989, c. 727; 2002, c. 337.
Nearby Sections
15
§ 46.2-100
Definitions§ 46.2-1001
Removal of unsafe vehicles; penalty§ 46.2-1004
Trademark or name and instructions required§ 46.2-1005
Procedure for approval of equipment§ 46.2-1005.1
Auxiliary lights on motorcycles§ 46.2-1008
Fees for approval certificatesCite This Page — Counsel Stack
Bluebook (online)
Virginia § 46.2-1404, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/46.2/46.2-1404.