{"data":{"id":"us-va/23vac10-120-265","jurisdiction":"us-va","citation":"23VAC10-120-265","heading":"Construction corporation; definitions","body":"A. The total business of a corporation using the completed contract method of accounting is its gross receipts from completed contracts and all other gross receipts except income allocable under § 58.1-407 of the Code of Virginia.\n\nB. Business within this Commonwealth is the gross receipts of such corporations from completed contracts on jobs within Virginia and all other gross receipts attributable to income from sources within Virginia.\n\nC. The \"completed contract method\" does not include any of the percentage of completion methods available under federal law.","path":["Title 23. Taxation","Agency 10. Department of Taxation","Chapter 120. Corporation Income Tax"],"source_url":"https://law.lis.virginia.gov/admincode/title23/agency10/chapter120/section265/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:54:13Z","sha256":"cdf421b540ab40ae3d523b531b096f644318b4975cbfb95abf90944b4e4907c2","source_id":"us-va-vac","stale":false,"prev":"us-va/23vac10-120-260","next":"us-va/23vac10-120-270"},"notice":"GroundRules: Original legal text. Not legal advice."}