{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2523.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2523.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2523.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2523.html"}],"law_id":76438,"edition_id":1,"section_id":76438,"structure_id":13946,"section_number":"58.1-2523","catch_line":"Payment of estimated tax","history":"Code 1950, \u00a7 58-502.4; 1968, c. 13; 1972, c. 153; 1984, c. 675.","full_text":"A\n\nThe amount of estimated tax with respect to which a declaration is required under \u00a7 58.1-2520 shall be paid in installments as follows:1\n\nIf the declaration is required to be filed by April 15 of the taxable year, twenty-five percent of the estimated tax shall be paid on April, June, September and December 15 of said taxable year.2\n\nIf the declaration is required to be filed by June 15 of the taxable year, one-third of the estimated tax shall be paid on June, September and December 15 of said taxable year.3\n\nIf the declaration is required to be filed by September 15 of the taxable year, one-half of the estimated tax shall be paid on September and December 15 of said taxable year.4\n\nIf the declaration is required to be filed by December 15 of the taxable year, 100 percent of the estimated tax shall be paid on the same date such declaration is filed.B\n\nIf any amendment to a declaration is filed, the amount of any remaining installments shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased, as the case may be, by the amount computed by dividing: (1) The difference between (a) the amount of estimated tax required to be paid before the date on which the amendment is made, and (b) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by (2) the number of installments remaining to be paid on or after the date on which the amendment is made.C\n\nAt the election of the insurance company, any installment of the estimated tax may be paid before the date prescribed for its payment.","order_by":null,"text":{"0":{"id":274365,"text":"The amount of estimated tax with respect to which a declaration is required under \u00a7 58.1-2520 shall be paid in installments as follows:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":274366,"text":"If the declaration is required to be filed by April 15 of the taxable year, twenty-five percent of the estimated tax shall be paid on April, June, September and December 15 of said taxable year.","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":274367,"text":"If the declaration is required to be filed by June 15 of the taxable year, one-third of the estimated tax shall be paid on June, September and December 15 of said taxable year.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":274368,"text":"If the declaration is required to be filed by September 15 of the taxable year, one-half of the estimated tax shall be paid on September and December 15 of said taxable year.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":274369,"text":"If the declaration is required to be filed by December 15 of the taxable year, 100 percent of the estimated tax shall be paid on the same date such declaration is filed.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"B"},"5":{"id":274370,"text":"If any amendment to a declaration is filed, the amount of any remaining installments shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year was made, increased or decreased, as the case may be, by the amount computed by dividing: (1) The difference between (a) the amount of estimated tax required to be paid before the date on which the amendment is made, and (b) the amount of estimated tax which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by (2) the number of installments remaining to be paid on or after the date on which the amendment is made.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A4","next_prefix":"C"},"6":{"id":274371,"text":"At the election of the insurance company, any installment of the estimated tax may be paid before the date prescribed for its payment.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"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 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":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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2523\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1972, chapter 153; in 1984, chapter 675.<\/p>","references":false,"refers_to":[{"id":77497,"section_number":"58.1-2520","catch_line":"Requirement of declaration","order_by":null,"url":"\/58.1-2520\/"}],"permalink":{"id":256013,"object_type":"law","relational_id":76438,"identifier":"58.1-2523","token":"58.1\/II\/25\/2\/58.1-2523","url":"\/58.1-2523\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2523\/","token":"58.1\/II\/25\/2\/58.1-2523","dublin_core":{"Title":"Payment of estimated tax","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2523","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The amount of estimated tax<\/span> with respect to which a declaration is required under \u00a7 58.1-2520<\/a> shall be paid in installments as follows: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If the declaration is required to be filed by April 15 of the taxable year<\/span>, twenty-five percent of the estimated tax<\/span> shall be paid on April, June, September and December 15 of said taxable year<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the declaration is required to be filed by June 15 of the taxable year<\/span>, one-third of the estimated tax<\/span> shall be paid on June, September and December 15 of said taxable year<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> If the declaration is required to be filed by September 15 of the taxable year<\/span>, one-half of the estimated tax<\/span> shall be paid on September and December 15 of said taxable year<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> If the declaration is required to be filed by December 15 of the taxable year<\/span>, 100 percent of the estimated tax<\/span> shall be paid on the same date such declaration is filed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If any amendment to a declaration is filed, the amount of any remaining installments shall be the amount which would have been payable if the new estimate had been made when the first estimate for the taxable year<\/span> was made, increased or decreased, as the case may be, by the amount computed by dividing: (1) The difference between (a) the amount of estimated tax<\/span> required to be paid before the date on which the amendment is made, and (b) the amount of estimated tax<\/span> which would have been required to be paid before such date if the new estimate had been made when the first estimate was made, by (2) the number of installments remaining to be paid on or after the date on which the amendment is made. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> At the election of the insurance company<\/span>, any installment of the estimated tax<\/span> may be paid before the date prescribed for its payment. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPAYMENT OF ESTIMATED TAX (\u00a7 58.1-2523)\n\nA. The amount of estimated tax with respect to which a declaration is required\nunder \u00a7 58.1-2520 shall be paid in installments as follows:\n\n 1. If the declaration is required to be filed by April 15 of the taxable year,\n twenty-five percent of the estimated tax shall be paid on April, June,\n September and December 15 of said taxable year.\n\n 2. If the declaration is required to be filed by June 15 of the taxable year,\n one-third of the estimated tax shall be paid on June, September and December\n 15 of said taxable year.\n\n 3. If the declaration is required to be filed by September 15 of the taxable\n year, one-half of the estimated tax shall be paid on September and December 15\n of said taxable year.\n\n 4. If the declaration is required to be filed by December 15 of the taxable\n year, 100 percent of the estimated tax shall be paid on the same date such\n declaration is filed.\n\nB. If any amendment to a declaration is filed, the amount of any remaining\ninstallments shall be the amount which would have been payable if the new\nestimate had been made when the first estimate for the taxable year was made,\nincreased or decreased, as the case may be, by the amount computed by dividing:\n(1) The difference between (a) the amount of estimated tax required to be paid\nbefore the date on which the amendment is made, and (b) the amount of estimated\ntax which would have been required to be paid before such date if the new\nestimate had been made when the first estimate was made, by (2) the number of\ninstallments remaining to be paid on or after the date on which the amendment is\nmade.\n\nC. At the election of the insurance company, any installment of the estimated\ntax may be paid before the date prescribed for its payment.\n\nHISTORY: Code 1950, \u00a7 58-502.4; 1968, c. 13; 1972, c. 153; 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}}