Virginia Code 58.1-2503: When tax payable.
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The annual license tax shall be transmitted to the Department on or before March 1 of each year for deposit into the state treasury.
Terms Used In Virginia Code 58.1-2503
- Department: means the Department of Taxation. See Virginia Code 58.1-2500
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
- Tax: means the amount derived by multiplying the direct gross premium income in the taxable year by the tax rate. See Virginia Code 58.1-2500
Code 1950, § 58-489; 1952, c. 190; 1968, c. 13; 1978, c. 4; 1984, c. 675; 2011, c. 850.