SECTION 58.1-2627. Exemptions, 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 58.1-2627. Exemptions

There shall be deducted from the gross receipts of any corporation engaged in the business of furnishing heat, light or power by means of gas, revenues billed on behalf of another person to the extent such revenues are later paid over to or settled with that person.

Code 1950, § 58-603; 1971, Ex. Sess., c. 41; 1972, c. 858; 1976, c. 778; 1978, c. 786; 1980, c. 668; 1982, c. 633; 1984, c. 675; 1986, c. 243; 1993, c. 522; 1998, c. 197 ; 1999, c. 197 .