{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2508.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2508.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2508.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2508.html"}],"law_id":87222,"edition_id":1,"section_id":87222,"structure_id":12732,"section_number":"58.1-2508","catch_line":"Taxes applicable to insurance companies","history":"Code 1950, \u00a7\u00a7 58-499, 58-500; 1952, c. 190; 1984, c. 675; 1985, c. 545; 1992, c. 678; 1996, c. 22; 1998, c. 590; 2001, c. 706; 2006, cc. 648, 765; 2011, c. 850.","full_text":"A\n\nThe real estate and tangible personal property, situated or located in the Commonwealth, of every such company and every fraternal benefit society transacting insurance in the Commonwealth shall be listed and assessed on the land and property books of the commissioner of the revenue in the same manner as other real estate and tangible personal property are assessed, and shall be taxed at the same rates as other like property is taxed.B\n\nThe license tax provided in this chapter, the tax on real estate and tangible personal property provided for in subsection A, the fee assessed by the Commission for the administration of the insurance laws pursuant to Chapter 4 (§ 38.2-400 et seq.) of Title 38.2, the fee assessed by the Commission for the Fire Programs Fund pursuant to § 38.2-401, the fee assessed by the Commission for the Dam Safety, Flood Prevention and Protection Assistance Fund pursuant to § 38.2-401.1, the fee assessed by the Commission to fund the program to reduce losses from motor vehicle thefts pursuant to § 38.2-414, the fee assessed by the Commission to fund the program to reduce losses from insurance fraud pursuant to § 38.2-415, and the retaliatory amounts assessed by the Department pursuant to § 38.2-1026 shall be in lieu of all fees, licenses, taxes and levies whatsoever, state, county, city or town; however, nothing in this section shall be construed to exempt insurance companies from the tax levied in Chapter 6 (§ 58.1-600 et seq.) of this title. No additional fee or license tax shall be applicable to an agent of an insurance company other than the annual license fee on agents required pursuant to Article 3 (§ 38.2-1819 et seq.) of Chapter 18 of Title 38.2.","order_by":null,"text":{"0":{"id":312342,"text":"The real estate and tangible personal property, situated or located in the Commonwealth, of every such company and every fraternal benefit society transacting insurance in the Commonwealth shall be listed and assessed on the land and property books of the commissioner of the revenue in the same manner as other real estate and tangible personal property are assessed, and shall be taxed at the same rates as other like property is taxed.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":312343,"text":"The license tax provided in this chapter, the tax on real estate and tangible personal property provided for in subsection A, the fee assessed by the Commission for the administration of the insurance laws pursuant to Chapter 4 (§ 38.2-400 et seq.) of Title 38.2, the fee assessed by the Commission for the Fire Programs Fund pursuant to § 38.2-401, the fee assessed by the Commission for the Dam Safety, Flood Prevention and Protection Assistance Fund pursuant to § 38.2-401.1, the fee assessed by the Commission to fund the program to reduce losses from motor vehicle thefts pursuant to § 38.2-414, the fee assessed by the Commission to fund the program to reduce losses from insurance fraud pursuant to § 38.2-415, and the retaliatory amounts assessed by the Department pursuant to § 38.2-1026 shall be in lieu of all fees, licenses, taxes and levies whatsoever, state, county, city or town; however, nothing in this section shall be construed to exempt insurance companies from the tax levied in Chapter 6 (§ 58.1-600 et seq.) of this title. No additional fee or license tax shall be applicable to an agent of an insurance company other than the annual license fee on agents required pursuant to Article 3 (§ 38.2-1819 et seq.) of Chapter 18 of Title 38.2.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2508\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 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 1984, chapter 675; in 1985, chapter 545; in 1992, chapter 678; in 1996, chapter 22<\/a>; in 1998, chapter 590<\/a>; in 2001, chapter 706<\/a>; in 2006, chapters 648<\/a> and 765<\/a>; in 2011, chapter 850<\/a>.<\/p>","references":[{"id":58522,"section_number":"58.1-3815","catch_line":"Consumer taxes upon lessees of certain property","order_by":null,"url":"\/58.1-3815\/"}],"refers_to":[{"id":69463,"section_number":"38.2-1026","catch_line":"Retaliatory provisions as to taxes, fees, deposits and other requirements","order_by":null,"url":"\/38.2-1026\/"},{"id":60216,"section_number":"38.2-1819","catch_line":"Application for license; fee required; fingerprints","order_by":null,"url":"\/38.2-1819\/"},{"id":57860,"section_number":"38.2-400","catch_line":"Expense of administration of insurance laws borne by licensees; minimum contribution","order_by":null,"url":"\/38.2-400\/"},{"id":76092,"section_number":"38.2-401","catch_line":"(Effective July 1, 2026) Fire Programs Fund","order_by":null,"url":"\/38.2-401\/"},{"id":64176,"section_number":"38.2-401.1","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund assessment","order_by":null,"url":"\/38.2-401.1\/"},{"id":66062,"section_number":"38.2-414","catch_line":"Assessments to fund program to reduce losses from motor vehicle thefts","order_by":null,"url":"\/38.2-414\/"},{"id":61655,"section_number":"38.2-415","catch_line":"Assessment to fund program to reduce losses from insurance fraud","order_by":null,"url":"\/38.2-415\/"},{"id":63208,"section_number":"58.1-600","catch_line":"Short title","order_by":null,"url":"\/58.1-600\/"}],"permalink":{"id":255983,"object_type":"law","relational_id":87222,"identifier":"58.1-2508","token":"58.1\/II\/25\/1\/58.1-2508","url":"\/58.1-2508\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2508\/","token":"58.1\/II\/25\/1\/58.1-2508","dublin_core":{"Title":"Taxes applicable to insurance companies","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2508","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The real estate and tangible personal property, situated or located in the Commonwealth, of every such company<\/span> and every fraternal benefit society transacting insurance in the Commonwealth shall be listed and assessed on the land and property books of the commissioner of the revenue in the same manner as other real estate and tangible personal property are assessed, and shall be taxed at the same rates as other like property is taxed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The license tax<\/span> provided in this chapter, the tax<\/span> on real estate and tangible personal property provided for in subsection A, the fee assessed by the Commission<\/span> for the administration of the insurance laws<\/span> pursuant to Chapter 4 (§ 38.2-400<\/a> et seq.) of Title 38.2, the fee assessed by the Commission<\/span> for the Fire Programs Fund pursuant to § 38.2-401<\/a>, the fee assessed by the Commission<\/span> for the Dam Safety, Flood Prevention and Protection Assistance Fund pursuant to § 38.2-401.1<\/a>, the fee assessed by the Commission<\/span> to fund the program to reduce losses from motor vehicle thefts pursuant to § 38.2-414<\/a>, the fee assessed by the Commission<\/span> to fund the program to reduce losses from insurance fraud<\/span> pursuant to § 38.2-415<\/a>, and the retaliatory amounts assessed by the Department<\/span> pursuant to § 38.2-1026<\/a> shall be in lieu of all fees, licenses, taxes and levies whatsoever, state, county, city or town; however, nothing in this section shall be construed to exempt insurance companies from the tax<\/span> levied in Chapter 6 (§ 58.1-600<\/a> et seq.) of this title. No additional fee or license tax<\/span> shall be applicable to an agent of an insurance company<\/span> other than the annual license fee on agents required pursuant to Article 3 (§ 38.2-1819<\/a> et seq.) of Chapter 18 of Title 38.2. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAXES APPLICABLE TO INSURANCE COMPANIES (\u00a7 58.1-2508)\n\nA. The real estate and tangible personal property, situated or located in the\nCommonwealth, of every such company and every fraternal benefit society\ntransacting insurance in the Commonwealth shall be listed and assessed on the\nland and property books of the commissioner of the revenue in the same manner as\nother real estate and tangible personal property are assessed, and shall be\ntaxed at the same rates as other like property is taxed.\n\nB. The license tax provided in this chapter, the tax on real estate and tangible\npersonal property provided for in subsection A, the fee assessed by the\nCommission for the administration of the insurance laws pursuant to Chapter 4\n(§ 38.2-400 et seq.) of Title 38.2, the fee assessed by the Commission for\nthe Fire Programs Fund pursuant to § 38.2-401, the fee assessed by the\nCommission for the Dam Safety, Flood Prevention and Protection Assistance Fund\npursuant to § 38.2-401.1, the fee assessed by the Commission to fund the\nprogram to reduce losses from motor vehicle thefts pursuant to § 38.2-414,\nthe fee assessed by the Commission to fund the program to reduce losses from\ninsurance fraud pursuant to § 38.2-415, and the retaliatory amounts\nassessed by the Department pursuant to § 38.2-1026 shall be in lieu of all\nfees, licenses, taxes and levies whatsoever, state, county, city or town;\nhowever, nothing in this section shall be construed to exempt insurance\ncompanies from the tax levied in Chapter 6 (§ 58.1-600 et seq.) of this\ntitle. No additional fee or license tax shall be applicable to an agent of an\ninsurance company other than the annual license fee on agents required pursuant\nto Article 3 (§ 38.2-1819 et seq.) of Chapter 18 of Title 38.2.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-499, 58-500; 1952, c. 190; 1984, c. 675; 1985, c.\n545; 1992, c. 678; 1996, c. 22; 1998, c. 590; 2001, c. 706; 2006, cc. 648, 765;\n2011, c. 850.","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}}