{"data":{"id":"us-va/23vac10-120-270","jurisdiction":"us-va","citation":"23VAC10-120-270","heading":"Railway companies; apportionment","body":"A. Railway companies are required to apportion income by use of a special factor. The factor is a fraction, the numerator of which is the revenue car miles in Virginia and the denominator of which is revenue car miles everywhere.\n\nB. Definitions.\n\n\"Railway company\" means any corporation subject to regulation as a railway company by the U.S. Interstate Commerce Commission.\n\n\"Income subject to apportionment\" means the entire Virginia taxable income of the corporation except income allocable under 23VAC10-120-140.\n\n\"Revenue car mile\" means the movement of loaded car equipment a distance of one mile determined in accordance with the Uniform System of Accounts for Railroad Companies of the Interstate Commerce Commission.","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/section270/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:54:13Z","sha256":"bd4d7faf5d7dbf42183776b3764ecc21c8fa8088b48cee2d59e2bfbe82adf674","source_id":"us-va-vac","stale":false,"prev":"us-va/23vac10-120-265","next":"us-va/23vac10-120-280"},"notice":"GroundRules: Original legal text. Not legal advice."}