Corporation Income Tax | Midpage

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Virginia Administrative Code

Chapter 120

Corporation Income Tax

10Conformity of terms to IRC (Internal Revenue Code).20Definitions.40Limitations on assessments.80Telecommunications companies; definitions.81Telecommunications companies; tax administration.82Telecommunications companies; imposition of tax.83Minimum tax on telecommunications companies.84Telecommunications companies; corporation income tax.86Telecommunications companies; separate, combined or consolidated returns of affiliated corporations.88Telecommunications companies; estimated taxes.89Noncorporate telecommunications companies.90Exemptions and exclusions.100Virginia taxable income; definitions; exceptions.101Virginia taxable income; additions.102Virginia taxable income; subtractions.103Subtraction for income attributable to an investment in a Virginia venture capital account.110Additional modifications.120Business entirely within Virginia.130Allocation and apportionment.140How dividends allocated.150What income apportioned and how.160Property factor.170Valuation of property owned or rented.180Average value of property.190Payroll factor.200When compensation deemed paid in this Commonwealth.210Sales factor.220When sales of tangible personal property deemed in this Commonwealth.230When certain other sales deemed in this Commonwealth.240Motor carriers; apportionment.250Financial corporations; apportionment.260Construction corporation; apportionment.265Construction corporation; definitions.270Railway companies; apportionment.280Alternative method of allocation and apportionment.300Accounting.310Reports by corporations.320Consolidated and combined returns; general.321Separate return; description; filing.322Consolidated returns; description; eligible members; filing; consent.323Combined returns; description; eligible members; filing; consent.324Consolidated and combined returns; permission to change.325Consolidated and combined returns; carryovers.326Consolidated return; mixed apportionment factors.327Consolidated and combined returns; examples.330Prohibition of worldwide consolidation or combination.350Consolidation of accounts.380Execution of returns.390Supplemental reports.400Extension of time for filing returns.410Time of payment of corporation income taxes.420Declarations of estimated income tax required.430Time for filing declarations.440Installment payment of estimated tax.460Failure to pay estimated tax.9998Forms (23Vac10-120).