{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2502.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2502.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2502.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2502.html"}],"law_id":65373,"edition_id":1,"section_id":65373,"structure_id":12732,"section_number":"58.1-2502","catch_line":"Exemptions and exclusions","history":"Code 1950, \u00a7\u00a7 58-493, 58-494; 1952, c. 190; 1956, c. 527; 1960, c. 452; 1977, c. 248; 1984, c. 675.","full_text":"Nothing in this chapter shall be construed to require any tax, other than taxes imposed upon property and the license tax imposed by \u00a7 38.2-4127:\n\n1\n\nUpon fraternal benefit societies as defined in § 38.2-4100.2\n\nUpon any mutual assessment fire insurance company as defined in §§ 38.2-2501 and 38.2-2503 which (i) confines its business to not more than four contiguous counties and cities located therein and wholly surrounded thereby in the Commonwealth, if any such city has a population of not more than 30,000, or (ii) confines its business to more than four contiguous counties in the Commonwealth if such counties together have a population not in excess of 100,000.3\n\nUpon premiums derived from workers’ compensation insurance on which a premium tax is imposed under the provisions of § 65.2-1000.4\n\nUpon consideration for contracts for annuities as defined in § 38.2-106.","order_by":null,"text":{"0":{"id":237648,"text":"Nothing in this chapter shall be construed to require any tax, other than taxes imposed upon property and the license tax imposed by \u00a7 38.2-4127:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":237649,"text":"Upon fraternal benefit societies as defined in § 38.2-4100.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":237650,"text":"Upon any mutual assessment fire insurance company as defined in §§ 38.2-2501 and 38.2-2503 which (i) confines its business to not more than four contiguous counties and cities located therein and wholly surrounded thereby in the Commonwealth, if any such city has a population of not more than 30,000, or (ii) confines its business to more than four contiguous counties in the Commonwealth if such counties together have a population not in excess of 100,000.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":237651,"text":"Upon premiums derived from workers’ compensation insurance on which a premium tax is imposed under the provisions of § 65.2-1000.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":237652,"text":"Upon consideration for contracts for annuities as defined in § 38.2-106.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3"}},"ancestry":[{"id":12732,"edition_id":1,"name":"Levy","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":12731,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255945,"object_type":"structure","relational_id":12732,"identifier":"1","token":"58.1\/II\/25\/1","url":"\/58.1\/II\/25\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12731,"edition_id":1,"name":"License Tax on Certain Insurance Companies","identifier":"25","label":"chapter","depth":3,"order_by":1,"parent_id":12730,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255943,"object_type":"structure","relational_id":12731,"identifier":"25","token":"58.1\/II\/25","url":"\/58.1\/II\/25\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12730,"edition_id":1,"name":"Taxes Administered by Other Agencies","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":255261,"object_type":"structure","relational_id":12730,"identifier":"II","token":"58.1\/II","url":"\/58.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":56221,"structure_id":12732,"section_number":"58.1-2500","catch_line":"Definitions","url":"\/58.1-2500\/","token":"58.1\/II\/25\/1\/58.1-2500","metadata":false},{"id":68558,"structure_id":12732,"section_number":"58.1-2501","catch_line":"Levy of license tax","url":"\/58.1-2501\/","token":"58.1\/II\/25\/1\/58.1-2501","metadata":false},{"id":71244,"structure_id":12732,"section_number":"58.1-2501.1","catch_line":"Premium tax; travel insurance","url":"\/58.1-2501.1\/","token":"58.1\/II\/25\/1\/58.1-2501.1","metadata":false},{"id":65373,"structure_id":12732,"section_number":"58.1-2502","catch_line":"Exemptions and exclusions","url":"\/58.1-2502\/","token":"58.1\/II\/25\/1\/58.1-2502","metadata":false},{"id":66081,"structure_id":12732,"section_number":"58.1-2503","catch_line":"When tax payable","url":"\/58.1-2503\/","token":"58.1\/II\/25\/1\/58.1-2503","metadata":false},{"id":76338,"structure_id":12732,"section_number":"58.1-2504","catch_line":"Companies commencing business","url":"\/58.1-2504\/","token":"58.1\/II\/25\/1\/58.1-2504","metadata":false},{"id":83928,"structure_id":12732,"section_number":"58.1-2505","catch_line":"Amount of license tax for company commencing business","url":"\/58.1-2505\/","token":"58.1\/II\/25\/1\/58.1-2505","metadata":false},{"id":58246,"structure_id":12732,"section_number":"58.1-2506","catch_line":"Reports to the Department","url":"\/58.1-2506\/","token":"58.1\/II\/25\/1\/58.1-2506","metadata":false},{"id":55841,"structure_id":12732,"section_number":"58.1-2507","catch_line":"Penalties for failure to make report or pay tax; revocation of license; recovery by suit","url":"\/58.1-2507\/","token":"58.1\/II\/25\/1\/58.1-2507","metadata":false},{"id":87222,"structure_id":12732,"section_number":"58.1-2508","catch_line":"Taxes applicable to insurance companies","url":"\/58.1-2508\/","token":"58.1\/II\/25\/1\/58.1-2508","metadata":false},{"id":55996,"structure_id":12732,"section_number":"58.1-2509","catch_line":"Certain other provisions not affected by chapter","url":"\/58.1-2509\/","token":"58.1\/II\/25\/1\/58.1-2509","metadata":false},{"id":59419,"structure_id":12732,"section_number":"58.1-2510","catch_line":"Tax credit for retaliatory costs paid to other states","url":"\/58.1-2510\/","token":"58.1\/II\/25\/1\/58.1-2510","metadata":false},{"id":53944,"structure_id":12732,"section_number":"58.1-2511","catch_line":"Reserved","url":"\/58.1-2511\/","token":"58.1\/II\/25\/1\/58.1-2511","metadata":false}],"previous_section":{"id":71244,"structure_id":12732,"section_number":"58.1-2501.1","catch_line":"Premium tax; travel insurance","url":"\/58.1-2501.1\/","token":"58.1\/II\/25\/1\/58.1-2501.1","metadata":false},"next_section":{"id":66081,"structure_id":12732,"section_number":"58.1-2503","catch_line":"When tax payable","url":"\/58.1-2503\/","token":"58.1\/II\/25\/1\/58.1-2503","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2502\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 190; in 1956, chapter 527; in 1960, chapter 452; in 1977, chapter 248; in 1984, chapter 675.<\/p>","references":false,"refers_to":[{"id":87220,"section_number":"38.2-106","catch_line":"Annuities","order_by":null,"url":"\/38.2-106\/"},{"id":60528,"section_number":"38.2-2501","catch_line":"Definitions","order_by":null,"url":"\/38.2-2501\/"},{"id":62065,"section_number":"38.2-2503","catch_line":"Classes of insurance that may be written by mutual assessment property and casualty insurers; minimum surplus to policyholders required","order_by":null,"url":"\/38.2-2503\/"},{"id":85566,"section_number":"38.2-4127","catch_line":"Annual license","order_by":null,"url":"\/38.2-4127\/"}],"permalink":{"id":255959,"object_type":"law","relational_id":65373,"identifier":"58.1-2502","token":"58.1\/II\/25\/1\/58.1-2502","url":"\/58.1-2502\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2502\/","token":"58.1\/II\/25\/1\/58.1-2502","dublin_core":{"Title":"Exemptions and exclusions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2502","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Nothing in this chapter shall be construed to require any tax<\/span>, other than taxes imposed upon property and the license tax<\/span> imposed by \u00a7 38.2-4127<\/a>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Upon fraternal benefit societies as defined in § 38.2-4100<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Upon any mutual assessment fire insurance company<\/span> as defined in §§ 38.2-2501<\/a> and 38.2-2503<\/a> which (i) confines its business to not more than four contiguous counties and cities located therein and wholly surrounded thereby in the Commonwealth, if any such city has a population of not more than 30,000, or (ii) confines its business to more than four contiguous counties in the Commonwealth if such counties together have a population not in excess of 100,000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Upon premiums derived from workers’ compensation insurance on which a premium tax<\/span> is imposed under the provisions of § 65.2-1000<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Upon consideration for contracts<\/span> for annuities as defined in § 38.2-106<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXEMPTIONS AND EXCLUSIONS (\u00a7 58.1-2502)\n\nNothing in this chapter shall be construed to require any tax, other than taxes\nimposed upon property and the license tax imposed by \u00a7 38.2-4127:\n\n1. Upon fraternal benefit societies as defined in § 38.2-4100.\n\n2. Upon any mutual assessment fire insurance company as defined in §§\n38.2-2501 and 38.2-2503 which (i) confines its business to not more than four\ncontiguous counties and cities located therein and wholly surrounded thereby in\nthe Commonwealth, if any such city has a population of not more than 30,000, or\n(ii) confines its business to more than four contiguous counties in the\nCommonwealth if such counties together have a population not in excess of\n100,000.\n\n3. Upon premiums derived from workers’ compensation insurance on which a\npremium tax is imposed under the provisions of § 65.2-1000.\n\n4. Upon consideration for contracts for annuities as defined in § 38.2-106.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-493, 58-494; 1952, c. 190; 1956, c. 527; 1960, c.\n452; 1977, c. 248; 1984, c. 675.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}