{"data":{"id":"us-va/va.-code-58.1-2620","jurisdiction":"us-va","citation":"Va. Code § 58.1-2620","heading":"Basis of tax","body":"The license tax levied pursuant to this article shall be paid annually for each tax year based upon the gross receipts received during the taxable year.Code 1950, § 58-503.2; 1979, c. 153; 1984, c. 675.","path":["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"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-2620/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"de32eebbe70569b7fa2444585f2d4397042878e363e6ccb989a34f2d75d685bf","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-2612","next":"us-va/va.-code-58.1-2621"},"notice":"GroundRules: Original legal text. Not legal advice."}