{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-2600.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-2600.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-2600.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-2600.html"}],"law_id":85862,"edition_id":1,"section_id":85862,"structure_id":15600,"section_number":"58.1-2600","catch_line":"Definitions","history":"Code 1950, \u00a7\u00a7 58-503, 58-503.1, 58-503.2, 58-508, 58-514.3, 58-514.4, 58-556, 58-626.1, 58-627; 1950, p. 660; 1954, c. 341; 1956, cc. 69, 475; 1968, c. 15; 1970, c. 32; 1971, Ex. Sess., c. 45; 1974, c. 397; 1978, c. 62; 1979, c. 153; 1980, c. 649; 1982, c. 671; 1983, c. 570; 1984, c. 675; 1988, cc. 730, 899; 1995, c. 507; 1996, c. 381; 1998, c. 897; 1999, c. 971; 2002, cc. 443, 444; 2021, Sp. Sess. I, cc. 49, 50.","full_text":"A\n\nAs used in this chapter:\n\t\t\t“Certificated motor vehicle carrier” means a common carrier by motor vehicle, as defined in § 46.2-2000, operating over regular routes under a certificate of public convenience and necessity issued by the Commission or issued on or after July 1, 1995, by the Department of Motor Vehicles. A transit company or bus company that is owned or operated directly or indirectly by a political subdivision of this Commonwealth shall not be deemed a “certificated motor vehicle carrier” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652, nor shall such transit company or bus company thereby be subject to the imposition of local property levies. A common carrier of property by motor vehicle shall not be deemed a “certificated motor vehicle carrier” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652, but shall be subject to the imposition of local property taxes.\n\t\t\t“Cogenerator” means a qualifying cogenerator or qualifying small power producer within the meaning of regulations adopted by the Federal Energy Regulatory Commission in implementation of the Public Utility Regulatory Policies Act of 1978 (P.L. 95-617).\n\t\t\t“Commission” means the State Corporation Commission which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency responsible for the assessment of the real and personal property of all public service corporations, except those public service corporations for which the Department of Taxation is so designated, upon which the Commonwealth levies a license tax measured by the gross receipts of such corporations. The State Corporation Commission shall also assess the property of each telephone or telegraph company, every public service corporation in the Commonwealth in the business of furnishing heat, light and power by means of electricity, and each electric supplier, as provided by this chapter.\n\t\t\t“Department” means the Department of Taxation which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency to assess the real and personal property of railroads and pipeline transmission companies as defined herein.\n\t\t\t“Electric supplier” means any person owning or operating facilities for the generation, storage, transmission or distribution of electricity for sales, except any person owning or operating facilities with a designed generation or storage capacity of 25 megawatts or less.\n\t\t\t“Energy storage system” means the same as that term is defined in § 58.1-3660.\n\t\t\t“Estimated tax” means the amount of tax which a taxpayer estimates as being imposed by Article 2 (§ 58.1-2620 et seq.) of this chapter for the tax year as measured by the gross receipts received in the taxable year.\n\t\t\t“Freight car company” includes every car trust, mercantile or other company or person not domiciled in this Commonwealth owning stock cars, furniture cars, fruit cars, tank cars or other similar cars. Such term shall not include a company operating a line as a railroad.\n\t\t\t“Gross receipts” means the total of all revenue derived in the Commonwealth, including but not limited to income from the provision or performance of a service or the performance of incidental operations not necessarily associated with the particular service performed, without deductions for expenses or other adjustments. Such term shall not, however, include interest, dividends, investment income or receipts from the sale of real property or other assets except inventory of goods held for sale or resale.\n\t\t\t“Pipeline distribution company” means a corporation, other than a pipeline transmission company, which transmits, by means of a pipeline, natural gas, manufactured gas or crude petroleum and the products or by-products thereof to a purchaser for purposes of furnishing heat or light.\n\t\t\t“Pipeline transmission company” means a corporation authorized to transmit natural gas, manufactured gas or crude petroleum and the products or by-products thereof in the public service by means of a pipeline or pipelines from one point to another when such gas or petroleum is not for sale to an ultimate consumer for purposes of furnishing heat or light.\n\t\t\t“Storage” means the storage of energy by an energy storage system.\n\t\t\t“Tax Commissioner” means the chief executive officer of the Department of Taxation or his designee.\n\t\t\t“Tax year” means the twelve-month period beginning on January 1 and ending on December 31 of the same calendar year, such year also being the tax assessment year or the year in which the tax levied under this chapter shall be paid.\n\t\t\t“Taxable year” means the calendar year preceding the tax year, upon which the gross receipts are computed as a basis for the payment of the tax levied pursuant to this chapter.\n\t\t\t“Telegraph company” means a corporation or person operating the apparatus necessary to communicate by telegraph.\n\t\t\t“Telephone company” means a person holding a certificate of convenience and necessity granted by the State Corporation Commission authorizing telephone service; or a person authorized by the Federal Communications Commission to provide commercial mobile service as defined in § 332(d)(1) of the Communications Act of 1934, as amended, where such service includes cellular mobile radio communications services or broadband personal communications services; or a person holding a certificate issued pursuant to § 214 of the Communications Act of 1934, as amended, authorizing domestic telephone service and belonging to an affiliated group including a person holding a certificate of convenience and necessity granted by the State Corporation Commission authorizing telephone service. The term “affiliated group” has the meaning given in § 58.1-3700.1.B\n\nFor purposes of this chapter the terms “license tax” and “franchise tax” shall be synonymous.","order_by":null,"text":{"0":{"id":307497,"text":"As used in this chapter:\n\t\t\t“Certificated motor vehicle carrier” means a common carrier by motor vehicle, as defined in § 46.2-2000, operating over regular routes under a certificate of public convenience and necessity issued by the Commission or issued on or after July 1, 1995, by the Department of Motor Vehicles. A transit company or bus company that is owned or operated directly or indirectly by a political subdivision of this Commonwealth shall not be deemed a “certificated motor vehicle carrier” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652, nor shall such transit company or bus company thereby be subject to the imposition of local property levies. A common carrier of property by motor vehicle shall not be deemed a “certificated motor vehicle carrier” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652, but shall be subject to the imposition of local property taxes.\n\t\t\t“Cogenerator” means a qualifying cogenerator or qualifying small power producer within the meaning of regulations adopted by the Federal Energy Regulatory Commission in implementation of the Public Utility Regulatory Policies Act of 1978 (P.L. 95-617).\n\t\t\t“Commission” means the State Corporation Commission which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency responsible for the assessment of the real and personal property of all public service corporations, except those public service corporations for which the Department of Taxation is so designated, upon which the Commonwealth levies a license tax measured by the gross receipts of such corporations. The State Corporation Commission shall also assess the property of each telephone or telegraph company, every public service corporation in the Commonwealth in the business of furnishing heat, light and power by means of electricity, and each electric supplier, as provided by this chapter.\n\t\t\t“Department” means the Department of Taxation which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency to assess the real and personal property of railroads and pipeline transmission companies as defined herein.\n\t\t\t“Electric supplier” means any person owning or operating facilities for the generation, storage, transmission or distribution of electricity for sales, except any person owning or operating facilities with a designed generation or storage capacity of 25 megawatts or less.\n\t\t\t“Energy storage system” means the same as that term is defined in § 58.1-3660.\n\t\t\t“Estimated tax” means the amount of tax which a taxpayer estimates as being imposed by Article 2 (§ 58.1-2620 et seq.) of this chapter for the tax year as measured by the gross receipts received in the taxable year.\n\t\t\t“Freight car company” includes every car trust, mercantile or other company or person not domiciled in this Commonwealth owning stock cars, furniture cars, fruit cars, tank cars or other similar cars. Such term shall not include a company operating a line as a railroad.\n\t\t\t“Gross receipts” means the total of all revenue derived in the Commonwealth, including but not limited to income from the provision or performance of a service or the performance of incidental operations not necessarily associated with the particular service performed, without deductions for expenses or other adjustments. Such term shall not, however, include interest, dividends, investment income or receipts from the sale of real property or other assets except inventory of goods held for sale or resale.\n\t\t\t“Pipeline distribution company” means a corporation, other than a pipeline transmission company, which transmits, by means of a pipeline, natural gas, manufactured gas or crude petroleum and the products or by-products thereof to a purchaser for purposes of furnishing heat or light.\n\t\t\t“Pipeline transmission company” means a corporation authorized to transmit natural gas, manufactured gas or crude petroleum and the products or by-products thereof in the public service by means of a pipeline or pipelines from one point to another when such gas or petroleum is not for sale to an ultimate consumer for purposes of furnishing heat or light.\n\t\t\t“Storage” means the storage of energy by an energy storage system.\n\t\t\t“Tax Commissioner” means the chief executive officer of the Department of Taxation or his designee.\n\t\t\t“Tax year” means the twelve-month period beginning on January 1 and ending on December 31 of the same calendar year, such year also being the tax assessment year or the year in which the tax levied under this chapter shall be paid.\n\t\t\t“Taxable year” means the calendar year preceding the tax year, upon which the gross receipts are computed as a basis for the payment of the tax levied pursuant to this chapter.\n\t\t\t“Telegraph company” means a corporation or person operating the apparatus necessary to communicate by telegraph.\n\t\t\t“Telephone company” means a person holding a certificate of convenience and necessity granted by the State Corporation Commission authorizing telephone service; or a person authorized by the Federal Communications Commission to provide commercial mobile service as defined in § 332(d)(1) of the Communications Act of 1934, as amended, where such service includes cellular mobile radio communications services or broadband personal communications services; or a person holding a certificate issued pursuant to § 214 of the Communications Act of 1934, as amended, authorizing domestic telephone service and belonging to an affiliated group including a person holding a certificate of convenience and necessity granted by the State Corporation Commission authorizing telephone service. The term “affiliated group” has the meaning given in § 58.1-3700.1.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":307498,"text":"For purposes of this chapter the terms “license tax” and “franchise tax” shall be synonymous.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15600,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13177,"metadata":{},"date_created":"2026-06-26 03:56:43","date_modified":"2026-06-26 03:56:43","permalink":{"id":256059,"object_type":"structure","relational_id":15600,"identifier":"1","token":"58.1\/II\/26\/1","url":"\/58.1\/II\/26\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13177,"edition_id":1,"name":"Taxation of Public Service Corporations","identifier":"26","label":"chapter","depth":3,"order_by":1,"parent_id":12730,"metadata":{},"date_created":"2026-06-26 03:44:23","date_modified":"2026-06-26 03:44:23","permalink":{"id":256057,"object_type":"structure","relational_id":13177,"identifier":"26","token":"58.1\/II\/26","url":"\/58.1\/II\/26\/","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":85862,"structure_id":15600,"section_number":"58.1-2600","catch_line":"Definitions","url":"\/58.1-2600\/","token":"58.1\/II\/26\/1\/58.1-2600","metadata":false},{"id":59536,"structure_id":15600,"section_number":"58.1-2601","catch_line":"Boundaries of certain political units to be furnished company, Commission and Department","url":"\/58.1-2601\/","token":"58.1\/II\/26\/1\/58.1-2601","metadata":false},{"id":66175,"structure_id":15600,"section_number":"58.1-2602","catch_line":"Local authorities to examine assessments and inform Department or Commission whether correct","url":"\/58.1-2602\/","token":"58.1\/II\/26\/1\/58.1-2602","metadata":false},{"id":85920,"structure_id":15600,"section_number":"58.1-2603","catch_line":"Local levies to be extended by commissioners of the revenue; copies; forms","url":"\/58.1-2603\/","token":"58.1\/II\/26\/1\/58.1-2603","metadata":false},{"id":64358,"structure_id":15600,"section_number":"58.1-2604","catch_line":"Assessed valuation","url":"\/58.1-2604\/","token":"58.1\/II\/26\/1\/58.1-2604","metadata":false},{"id":75218,"structure_id":15600,"section_number":"58.1-2605","catch_line":"Repealed","url":"\/58.1-2605\/","token":"58.1\/II\/26\/1\/58.1-2605","metadata":false},{"id":81669,"structure_id":15600,"section_number":"58.1-2606","catch_line":"Local taxation of real and tangible personal property of public service corporations; other persons","url":"\/58.1-2606\/","token":"58.1\/II\/26\/1\/58.1-2606","metadata":false},{"id":80994,"structure_id":15600,"section_number":"58.1-2606.1","catch_line":"Local taxation for solar photovoltaic projects five megawatts or less","url":"\/58.1-2606.1\/","token":"58.1\/II\/26\/1\/58.1-2606.1","metadata":false},{"id":70665,"structure_id":15600,"section_number":"58.1-2607","catch_line":"Local taxation of real and tangible personal property of railroads","url":"\/58.1-2607\/","token":"58.1\/II\/26\/1\/58.1-2607","metadata":false},{"id":84464,"structure_id":15600,"section_number":"58.1-2608","catch_line":"State taxation of railroads, telecommunications companies","url":"\/58.1-2608\/","token":"58.1\/II\/26\/1\/58.1-2608","metadata":false},{"id":72445,"structure_id":15600,"section_number":"58.1-2609","catch_line":"Local taxation of land and nonutility and noncarrier improvements of public service corporations; other persons","url":"\/58.1-2609\/","token":"58.1\/II\/26\/1\/58.1-2609","metadata":false},{"id":81768,"structure_id":15600,"section_number":"58.1-2610","catch_line":"Penalty for failure to file timely report","url":"\/58.1-2610\/","token":"58.1\/II\/26\/1\/58.1-2610","metadata":false},{"id":79633,"structure_id":15600,"section_number":"58.1-2611","catch_line":"Penalty for failure to pay tax","url":"\/58.1-2611\/","token":"58.1\/II\/26\/1\/58.1-2611","metadata":false},{"id":66810,"structure_id":15600,"section_number":"58.1-2612","catch_line":"Lien of taxes","url":"\/58.1-2612\/","token":"58.1\/II\/26\/1\/58.1-2612","metadata":false}],"next_section":{"id":59536,"structure_id":15600,"section_number":"58.1-2601","catch_line":"Boundaries of certain political units to be furnished company, Commission and Department","url":"\/58.1-2601\/","token":"58.1\/II\/26\/1\/58.1-2601","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-2600\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 17 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 1954, chapter 341; in 1956, chapters 69 and 475; in 1968, chapter 15; in 1970, chapter 32; in 1974, chapter 397; in 1978, chapter 62; in 1979, chapter 153; in 1980, chapter 649; in 1982, chapter 671; in 1983, chapter 570; in 1984, chapter 675; in 1988, chapters 730 and 899; in 1995, chapter 507<\/a>; in 1996, chapter 381<\/a>; in 1998, chapter 897<\/a>; in 1999, chapter 971<\/a>; in 2002, chapters 443<\/a> and 444<\/a>.<\/p>","references":[{"id":56557,"section_number":"15.2-2159","catch_line":"Fee for solid waste disposal by counties","order_by":null,"url":"\/15.2-2159\/"},{"id":78259,"section_number":"15.2-922.2","catch_line":"Special fee for emergency services in certain counties","order_by":null,"url":"\/15.2-922.2\/"},{"id":55735,"section_number":"58.1-2626","catch_line":"Annual state license tax on companies furnishing water, heat, light or power","order_by":null,"url":"\/58.1-2626\/"},{"id":86594,"section_number":"58.1-2628","catch_line":"Annual report","order_by":null,"url":"\/58.1-2628\/"},{"id":79433,"section_number":"58.1-2660","catch_line":"Special revenue tax; levy","order_by":null,"url":"\/58.1-2660\/"},{"id":60028,"section_number":"58.1-2903","catch_line":"Use of electric utility consumption tax relating to special regulatory tax","order_by":null,"url":"\/58.1-2903\/"},{"id":63026,"section_number":"58.1-3508.6","catch_line":"Separate classification of machinery and tools used directly in producing or generating renewable energy","order_by":null,"url":"\/58.1-3508.6\/"},{"id":54294,"section_number":"58.1-3731","catch_line":"Certain public service corporations; rate limitation","order_by":null,"url":"\/58.1-3731\/"},{"id":60760,"section_number":"58.1-3814","catch_line":"Water or heat, light and power companies","order_by":null,"url":"\/58.1-3814\/"},{"id":58533,"section_number":"58.1-400.1","catch_line":"Minimum tax on telecommunications companies","order_by":null,"url":"\/58.1-400.1\/"},{"id":79891,"section_number":"58.1-400.3","catch_line":"Minimum tax on certain electric suppliers","order_by":null,"url":"\/58.1-400.3\/"},{"id":75981,"section_number":"58.1-401","catch_line":"Exemptions and exclusions","order_by":null,"url":"\/58.1-401\/"},{"id":56216,"section_number":"58.1-438.1","catch_line":"Tax credit for vehicle emissions testing equipment, clean-fuel vehicles and certain refueling property","order_by":null,"url":"\/58.1-438.1\/"},{"id":76990,"section_number":"58.1-504","catch_line":"Failure to pay estimated income tax","order_by":null,"url":"\/58.1-504\/"}],"refers_to":[{"id":70585,"section_number":"46.2-2000","catch_line":"Definitions","order_by":null,"url":"\/46.2-2000\/"},{"id":54193,"section_number":"58.1-2620","catch_line":"Basis of tax","order_by":null,"url":"\/58.1-2620\/"},{"id":84398,"section_number":"58.1-2652","catch_line":"State tax on rolling stock; date of payment","order_by":null,"url":"\/58.1-2652\/"},{"id":69695,"section_number":"58.1-3660","catch_line":"Certified pollution control equipment and facilities","order_by":null,"url":"\/58.1-3660\/"}],"permalink":{"id":256061,"object_type":"law","relational_id":85862,"identifier":"58.1-2600","token":"58.1\/II\/26\/1\/58.1-2600","url":"\/58.1-2600\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-2600\/","token":"58.1\/II\/26\/1\/58.1-2600","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2600","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> As used in this chapter:\n\t\t\t“Certificated motor vehicle carrier<\/span>” means a common carrier by motor vehicle, as defined in § 46.2-2000<\/a>, operating over regular routes under a certificate of public convenience and necessity issued by the Commission<\/span> or issued on or after July 1, 1995, by the Department<\/span> of Motor Vehicles. A transit company or bus company that is owned or operated directly or indirectly by a political subdivision of this Commonwealth shall not be deemed a “certificated motor vehicle carrier<\/span>” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652<\/a>, nor shall such transit company or bus company thereby be subject to the imposition of local property levies. A common carrier of property by motor vehicle shall not be deemed a “certificated motor vehicle carrier<\/span>” for the purposes of this chapter and shall not be subject to the imposition of the tax imposed in § 58.1-2652<\/a>, but shall be subject to the imposition of local property taxes.\n\t\t\t“Cogenerator<\/span>” means a qualifying cogenerator<\/span> or qualifying small power producer within the meaning of regulations adopted by the Federal Energy Regulatory Commission<\/span> in implementation of the Public Utility Regulatory Policies Act of 1978 (P.L. 95-617).\n\t\t\t“Commission<\/span>” means the State Corporation Commission<\/span> which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency responsible for the assessment of the real and personal property of all public service corporations, except those public service corporations for which the Department<\/span> of Taxation is so designated, upon which the Commonwealth levies a license tax measured by the gross receipts<\/span> of such corporations. The State Corporation Commission<\/span> shall also assess the property of each telephone or telegraph company<\/span>, every public service corporation in the Commonwealth in the business of furnishing heat, light and power by means of electricity, and each electric supplier<\/span>, as provided by this chapter.\n\t\t\t“Department<\/span>” means the Department<\/span> of Taxation which is hereby designated pursuant to Article X, Section 2 of the Constitution of Virginia as the central state agency to assess the real and personal property of railroads and pipeline transmission companies as defined herein.\n\t\t\t“Electric supplier<\/span>” means any person owning or operating facilities for the generation, storage, transmission or distribution of electricity for sales, except any person owning or operating facilities with a designed generation or storage capacity of 25 megawatts or less.\n\t\t\t“Energy storage system<\/span>” means the same as that term is defined in § 58.1-3660<\/a>.\n\t\t\t“Estimated tax<\/span>” means the amount of tax which a taxpayer<\/span> estimates as being imposed by Article 2 (§ 58.1-2620<\/a> et seq.) of this chapter for the tax year<\/span> as measured by the gross receipts<\/span> received in the taxable year<\/span>.\n\t\t\t“Freight car company<\/span>” includes every car trust, mercantile or other company or person not domiciled in this Commonwealth owning stock cars, furniture cars, fruit cars, tank cars or other similar cars. Such term shall not include a company operating a line as a railroad.\n\t\t\t“Gross receipts<\/span>” means the total of all revenue derived in the Commonwealth, including but not limited to income from the provision or performance of a service or the performance of incidental operations not necessarily associated with the particular service performed, without deductions for expenses or other adjustments. Such term shall not, however, include interest, dividends, investment income or receipts from the sale of real property or other assets<\/span> except inventory of goods held for sale or resale.\n\t\t\t“Pipeline distribution company<\/span>” means a corporation, other than a pipeline transmission company<\/span>, which transmits, by means of a pipeline, natural gas, manufactured gas or crude petroleum and the products or by-products thereof to a purchaser for purposes of furnishing heat or light.\n\t\t\t“Pipeline transmission company<\/span>” means a corporation authorized to transmit natural gas, manufactured gas or crude petroleum and the products or by-products thereof in the public service by means of a pipeline or pipelines from one point to another when such gas or petroleum is not for sale to an ultimate consumer for purposes of furnishing heat or light.\n\t\t\t“Storage” means the storage of energy by an energy storage system<\/span>.\n\t\t\t“Tax Commissioner<\/span>” means the chief executive officer of the Department<\/span> of Taxation or his designee.\n\t\t\t“Tax year<\/span>” means the twelve-month period beginning on January 1 and ending on December 31 of the same calendar year, such year also being the tax assessment year or the year in which the tax levied under this chapter shall be paid.\n\t\t\t“Taxable year<\/span>” means the calendar year preceding the tax year<\/span>, upon which the gross receipts<\/span> are computed as a basis for the payment of the tax levied pursuant to this chapter.\n\t\t\t“Telegraph company<\/span>” means a corporation or person operating the apparatus necessary to communicate by telegraph.\n\t\t\t“Telephone company<\/span>” means a person holding a certificate of convenience and necessity granted by the State Corporation Commission<\/span> authorizing telephone service; or a person authorized by the Federal Communications Commission<\/span> to provide commercial mobile service as defined in § 332(d)(1) of the Communications Act of 1934, as amended, where such service includes cellular mobile radio communications services or broadband personal communications services; or a person holding a certificate issued pursuant to § 214 of the Communications Act of 1934, as amended, authorizing domestic telephone service and belonging to an affiliated group<\/span> including a person holding a certificate of convenience and necessity granted by the State Corporation Commission<\/span> authorizing telephone service. The term “affiliated group<\/span>” has the meaning given in § 58.1-3700.1<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For purposes of this chapter the terms “license tax” and “franchise tax” shall be synonymous. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 58.1-2600)\n\nA. As used in this chapter:\n\t\t\t“Certificated motor vehicle carrier” means a common carrier by\nmotor vehicle, as defined in § 46.2-2000, operating over regular routes\nunder a certificate of public convenience and necessity issued by the Commission\nor issued on or after July 1, 1995, by the Department of Motor Vehicles. A\ntransit company or bus company that is owned or operated directly or indirectly\nby a political subdivision of this Commonwealth shall not be deemed a\n“certificated motor vehicle carrier” for the purposes of this\nchapter and shall not be subject to the imposition of the tax imposed in §\n58.1-2652, nor shall such transit company or bus company thereby be subject to\nthe imposition of local property levies. A common carrier of property by motor\nvehicle shall not be deemed a “certificated motor vehicle carrier”\nfor the purposes of this chapter and shall not be subject to the imposition of\nthe tax imposed in § 58.1-2652, but shall be subject to the imposition of\nlocal property taxes.\n\t\t\t“Cogenerator” means a qualifying cogenerator or qualifying small\npower producer within the meaning of regulations adopted by the Federal Energy\nRegulatory Commission in implementation of the Public Utility Regulatory\nPolicies Act of 1978 (P.L. 95-617).\n\t\t\t“Commission” means the State Corporation Commission which is\nhereby designated pursuant to Article X, Section 2 of the Constitution of\nVirginia as the central state agency responsible for the assessment of the real\nand personal property of all public service corporations, except those public\nservice corporations for which the Department of Taxation is so designated, upon\nwhich the Commonwealth levies a license tax measured by the gross receipts of\nsuch corporations. The State Corporation Commission shall also assess the\nproperty of each telephone or telegraph company, every public service\ncorporation in the Commonwealth in the business of furnishing heat, light and\npower by means of electricity, and each electric supplier, as provided by this\nchapter.\n\t\t\t“Department” means the Department of Taxation which is hereby\ndesignated pursuant to Article X, Section 2 of the Constitution of Virginia as\nthe central state agency to assess the real and personal property of railroads\nand pipeline transmission companies as defined herein.\n\t\t\t“Electric supplier” means any person owning or operating\nfacilities for the generation, storage, transmission or distribution of\nelectricity for sales, except any person owning or operating facilities with a\ndesigned generation or storage capacity of 25 megawatts or less.\n\t\t\t“Energy storage system” means the same as that term is defined in\n§ 58.1-3660.\n\t\t\t“Estimated tax” means the amount of tax which a taxpayer\nestimates as being imposed by Article 2 (§ 58.1-2620 et seq.) of this\nchapter for the tax year as measured by the gross receipts received in the\ntaxable year.\n\t\t\t“Freight car company” includes every car trust, mercantile or\nother company or person not domiciled in this Commonwealth owning stock cars,\nfurniture cars, fruit cars, tank cars or other similar cars. Such term shall not\ninclude a company operating a line as a railroad.\n\t\t\t“Gross receipts” means the total of all revenue derived in the\nCommonwealth, including but not limited to income from the provision or\nperformance of a service or the performance of incidental operations not\nnecessarily associated with the particular service performed, without deductions\nfor expenses or other adjustments. Such term shall not, however, include\ninterest, dividends, investment income or receipts from the sale of real\nproperty or other assets except inventory of goods held for sale or resale.\n\t\t\t“Pipeline distribution company” means a corporation, other than a\npipeline transmission company, which transmits, by means of a pipeline, natural\ngas, manufactured gas or crude petroleum and the products or by-products thereof\nto a purchaser for purposes of furnishing heat or light.\n\t\t\t“Pipeline transmission company” means a corporation authorized to\ntransmit natural gas, manufactured gas or crude petroleum and the products or\nby-products thereof in the public service by means of a pipeline or pipelines\nfrom one point to another when such gas or petroleum is not for sale to an\nultimate consumer for purposes of furnishing heat or light.\n\t\t\t“Storage” means the storage of energy by an energy storage\nsystem.\n\t\t\t“Tax Commissioner” means the chief executive officer of the\nDepartment of Taxation or his designee.\n\t\t\t“Tax year” means the twelve-month period beginning on January 1\nand ending on December 31 of the same calendar year, such year also being the\ntax assessment year or the year in which the tax levied under this chapter shall\nbe paid.\n\t\t\t“Taxable year” means the calendar year preceding the tax year,\nupon which the gross receipts are computed as a basis for the payment of the tax\nlevied pursuant to this chapter.\n\t\t\t“Telegraph company” means a corporation or person operating the\napparatus necessary to communicate by telegraph.\n\t\t\t“Telephone company” means a person holding a certificate of\nconvenience and necessity granted by the State Corporation Commission\nauthorizing telephone service; or a person authorized by the Federal\nCommunications Commission to provide commercial mobile service as defined in\n§ 332(d)(1) of the Communications Act of 1934, as amended, where such\nservice includes cellular mobile radio communications services or broadband\npersonal communications services; or a person holding a certificate issued\npursuant to § 214 of the Communications Act of 1934, as amended,\nauthorizing domestic telephone service and belonging to an affiliated group\nincluding a person holding a certificate of convenience and necessity granted by\nthe State Corporation Commission authorizing telephone service. The term\n“affiliated group” has the meaning given in § 58.1-3700.1.\n\nB. For purposes of this chapter the terms “license tax” and\n“franchise tax” shall be synonymous.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-503, 58-503.1, 58-503.2, 58-508, 58-514.3, 58-514.4,\n58-556, 58-626.1, 58-627; 1950, p. 660; 1954, c. 341; 1956, cc. 69, 475; 1968,\nc. 15; 1970, c. 32; 1971, Ex. Sess., c. 45; 1974, c. 397; 1978, c. 62; 1979, c.\n153; 1980, c. 649; 1982, c. 671; 1983, c. 570; 1984, c. 675; 1988, cc. 730, 899;\n1995, c. 507; 1996, c. 381; 1998, c. 897; 1999, c. 971; 2002, cc. 443, 444;\n2021, Sp. Sess. I, cc. 49, 50.","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}}