{"data":{"id":"us-va/va.-code-13.1-1120","jurisdiction":"us-va","citation":"Va. Code § 13.1-1120","heading":"Income and property taxes","body":"All professional limited liability companies organized or qualifying under the provisions of this chapter shall be treated for income tax purposes under the provisions of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 in the manner determined under § 58.1-301, and property owned by professional limited liability companies shall be taxed in the actual form in which it may exist and not as capital.1992, c. 574.","path":["Title 13.1. CORPORATIONS","Chapter 13. VIRGINIA PROFESSIONAL LIMITED LIABILITY COMPANY ACT"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-1120/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"f007e27fa73f5e4acec770c36b52474743e8d9268ec259775ed9a7c5aeaffb0a","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-1119","next":"us-va/va.-code-13.1-1121"},"notice":"GroundRules: Original legal text. Not legal advice."}