Virginia Code 38.2-4521: Taxation
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Except as provided by Chapter 4 of Title 58.1 shall be in lieu of all other state and local license fees or license taxes and state income taxes of the nonstock corporation.
Terms Used In Virginia Code 38.2-4521
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: means any commonwealth, state, territory, district or insular possession of the United States. See Virginia Code 38.2-100
1980, c. 682, § 38.1-909; 1986, c. 562; 1987, cc. 565, 655.