SECTION 58.1-2620. Basis of tax, ARTICLE 2. License Tax on Telegraph, Telephone, Water, Heat, Light, Power and Pipeline Companies, CHAPTER 26. Taxation of Public Service Corporations, SUBTITLE II. Taxes Administered By Other Agencies, TITLE 58.1. Taxation, Code of Virginia

Code of Virginia (Last Updated:July 28, 2020)

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

SECTION 58.1-2620. Basis of tax

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.