I decided to go straight to the Virginia 760 form and try to figure out where that info might be entered, and from there what the instructions were.
The instructions for both form are found here:
http://www.tax.virginia.gov/sites/tax.virginia.gov/files/instructions/income-tax/2014/7602014instruc...The reference to Long-Term Capital Gain is on p 21, Item #52. There's a reference to the actual Tax Code, but the "translation" is this -- in addition to being a "Qualified Business":
"The business must
have its principal facility in Virginia and less than
$3 million in annual revenues for the fiscal year
preceding the investment. The investment must
be made between the dates of April 1, 2010, and
June 30, 2015."
I am NOT a tax professional, but sharing this info and reference hoping it helps someone else.
