GroundRules
Va. Code § 58.1-2631: Gross receipts in cases of consolidation or merger
Where this section sits in the code
- Title 58.1. TAXATION
- Subtitle II. TAXES ADMINISTERED BY OTHER AGENCIES
- Chapter 26. TAXATION OF PUBLIC SERVICE CORPORATIONS
- Article 2. LICENSE TAX ON TELEGRAPH, TELEPHONE, WATER, HEAT, LIGHT, POWER AND PIPELINE COMPANIES
Whenever there is a consolidation or merger of corporations taxable under § 58.1-2626 or taxable under Article 6 (§ 58.1-2660 et seq.) of this chapter, liability for the taxes shall attach to the corporation thus formed and the gross receipts which shall be used for measuring the license tax or special regulatory revenue tax of the corporation thus formed shall include the gross receipts of the corporations which were consolidated or merged.Code 1950, § 58-507; 1984, c. 675; 1988, c. 899; 2002, c. 502.
Collected 2026-09-04T15:17:44Z. Source file · JSON