{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2520.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2520.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2520.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2520.html"}],"law_id":77497,"edition_id":1,"section_id":77497,"structure_id":13946,"section_number":"58.1-2520","catch_line":"Requirement of declaration","history":"Code 1950, \u00a7 58-502.2; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1987, cc. 565, 655; 2011, c. 850.","full_text":"A\n\nEvery insurance company and nonstock corporation licensed pursuant to Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by § 58.1-2501 shall make a declaration of estimated tax if the tax imposed by this chapter, for the license year, measured by direct gross premium income, can reasonably be expected to exceed $3,000.\n\t\t\tSuch declaration shall contain such pertinent information as the Department may by forms or guidelines prescribe.B\n\nAny such insurance company or nonstock corporation with a taxable year of less than 12 months shall make a declaration in accordance with guidelines prescribed by the Department.","order_by":null,"text":{"0":{"id":278004,"text":"Every insurance company and nonstock corporation licensed pursuant to Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by § 58.1-2501 shall make a declaration of estimated tax if the tax imposed by this chapter, for the license year, measured by direct gross premium income, can reasonably be expected to exceed $3,000.\n\t\t\tSuch declaration shall contain such pertinent information as the Department may by forms or guidelines prescribe.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":278005,"text":"Any such insurance company or nonstock corporation with a taxable year of less than 12 months shall make a declaration in accordance with guidelines prescribed by the Department.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13946,"edition_id":1,"name":"Estimated Tax","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":12731,"metadata":{},"date_created":"2026-06-26 03:46:23","date_modified":"2026-06-26 03:46:23","permalink":{"id":255999,"object_type":"structure","relational_id":13946,"identifier":"2","token":"58.1\/II\/25\/2","url":"\/58.1\/II\/25\/2\/","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 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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":77497,"structure_id":13946,"section_number":"58.1-2520","catch_line":"Requirement of declaration","url":"\/58.1-2520\/","token":"58.1\/II\/25\/2\/58.1-2520","metadata":false},{"id":65839,"structure_id":13946,"section_number":"58.1-2521","catch_line":"Time for filing declarations of estimated tax","url":"\/58.1-2521\/","token":"58.1\/II\/25\/2\/58.1-2521","metadata":false},{"id":65093,"structure_id":13946,"section_number":"58.1-2522","catch_line":"Amendments to declaration","url":"\/58.1-2522\/","token":"58.1\/II\/25\/2\/58.1-2522","metadata":false},{"id":76438,"structure_id":13946,"section_number":"58.1-2523","catch_line":"Payment of estimated tax","url":"\/58.1-2523\/","token":"58.1\/II\/25\/2\/58.1-2523","metadata":false},{"id":82350,"structure_id":13946,"section_number":"58.1-2524","catch_line":"Payments are on account of tax for license year","url":"\/58.1-2524\/","token":"58.1\/II\/25\/2\/58.1-2524","metadata":false},{"id":58951,"structure_id":13946,"section_number":"58.1-2525","catch_line":"Extensions of time","url":"\/58.1-2525\/","token":"58.1\/II\/25\/2\/58.1-2525","metadata":false},{"id":58725,"structure_id":13946,"section_number":"58.1-2526","catch_line":"Where declarations filed and how payments made; refunding overpayments","url":"\/58.1-2526\/","token":"58.1\/II\/25\/2\/58.1-2526","metadata":false},{"id":55003,"structure_id":13946,"section_number":"58.1-2527","catch_line":"Failure to pay estimated tax","url":"\/58.1-2527\/","token":"58.1\/II\/25\/2\/58.1-2527","metadata":false},{"id":75669,"structure_id":13946,"section_number":"58.1-2528","catch_line":"Exception to \u00a7 58.1-2527","url":"\/58.1-2528\/","token":"58.1\/II\/25\/2\/58.1-2528","metadata":false},{"id":71183,"structure_id":13946,"section_number":"58.1-2529","catch_line":"Other provisions of this chapter not affected by this article; insurance companies going out of business","url":"\/58.1-2529\/","token":"58.1\/II\/25\/2\/58.1-2529","metadata":false},{"id":64534,"structure_id":13946,"section_number":"58.1-2530","catch_line":"Double taxation respecting same direct gross premium income negated","url":"\/58.1-2530\/","token":"58.1\/II\/25\/2\/58.1-2530","metadata":false},{"id":68370,"structure_id":13946,"section_number":"58.1-2531","catch_line":"Distribution of certain revenue","url":"\/58.1-2531\/","token":"58.1\/II\/25\/2\/58.1-2531","metadata":false},{"id":80743,"structure_id":13946,"section_number":"58.1-2532","catch_line":"Exchange of information","url":"\/58.1-2532\/","token":"58.1\/II\/25\/2\/58.1-2532","metadata":false},{"id":56344,"structure_id":13946,"section_number":"58.1-2533","catch_line":"Reimbursement for certain costs","url":"\/58.1-2533\/","token":"58.1\/II\/25\/2\/58.1-2533","metadata":false}],"next_section":{"id":65839,"structure_id":13946,"section_number":"58.1-2521","catch_line":"Time for filing declarations of estimated tax","url":"\/58.1-2521\/","token":"58.1\/II\/25\/2\/58.1-2521","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2520\/","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 1968, chapter 13; in 1978, chapter 4; in 1984, chapter 675; in 1987, chapters 565 and 655; in 2011, chapter 850<\/a>.<\/p>","references":[{"id":75413,"section_number":"38.2-2613","catch_line":"Application of insurance laws","order_by":null,"url":"\/38.2-2613\/"},{"id":65839,"section_number":"58.1-2521","catch_line":"Time for filing declarations of estimated tax","order_by":null,"url":"\/58.1-2521\/"},{"id":76438,"section_number":"58.1-2523","catch_line":"Payment of estimated tax","order_by":null,"url":"\/58.1-2523\/"}],"refers_to":[{"id":68558,"section_number":"58.1-2501","catch_line":"Levy of license tax","order_by":null,"url":"\/58.1-2501\/"}],"permalink":{"id":256001,"object_type":"law","relational_id":77497,"identifier":"58.1-2520","token":"58.1\/II\/25\/2\/58.1-2520","url":"\/58.1-2520\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2520\/","token":"58.1\/II\/25\/2\/58.1-2520","dublin_core":{"Title":"Requirement of declaration","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2520","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every insurance company<\/span> and nonstock corporation licensed pursuant to Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by § 58.1-2501<\/a> shall make a declaration of estimated tax<\/span> if the tax imposed by this chapter, for the license year<\/span>, measured by direct gross premium income<\/span>, can reasonably be expected to exceed $3,000.\n\t\t\tSuch declaration shall contain such pertinent information as the Department<\/span> may by forms or guidelines prescribe. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any such insurance company<\/span> or nonstock corporation with a taxable year<\/span> of less than 12 months shall make a declaration in accordance with guidelines prescribed by the Department<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREQUIREMENT OF DECLARATION (\u00a7 58.1-2520)\n\nA. Every insurance company and nonstock corporation licensed pursuant to\nChapters 42 and 45 of Title 38.2 subject to the state license tax imposed by\n§ 58.1-2501 shall make a declaration of estimated tax if the tax imposed by\nthis chapter, for the license year, measured by direct gross premium income, can\nreasonably be expected to exceed $3,000.\n\t\t\tSuch declaration shall contain such pertinent information as the Department\nmay by forms or guidelines prescribe.\n\nB. Any such insurance company or nonstock corporation with a taxable year of\nless than 12 months shall make a declaration in accordance with guidelines\nprescribed by the Department.\n\nHISTORY: Code 1950, \u00a7 58-502.2; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1987,\ncc. 565, 655; 2011, 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}}