{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-399.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-399.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-399.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-399.2.html"}],"law_id":77477,"edition_id":1,"section_id":77477,"structure_id":15666,"section_number":"58.1-399.2","catch_line":"Tiered partners","history":"2020, c. 1030.","full_text":"A\n\nThe following categories of partners shall be subject to the reporting and payment requirements specified in \u00a7 58.1-399, entitled to make elections as provided in \u00a7 58.1-399.1, and entitled to elect an alternative reporting and payment method as provided in \u00a7 58.1-399.3:1\n\nAny direct tiered partner of an audited partnership;2\n\nAny indirect tiered partner of an audited partnership; and3\n\nAny partner of a partner specified in subdivision 1 or 2.B\n\nA partner subject to the provisions of subsection A shall make required reports and payments no later than 90 days after the time for filing and providing statements to tiered partners and their partners pursuant to the provisions of § 6226 of the Internal Revenue Code and any regulations promulgated thereunder. The Department may establish procedures and deadlines for reports and payments required pursuant to this section.","order_by":null,"text":{"0":{"id":277896,"text":"The following categories of partners shall be subject to the reporting and payment requirements specified in \u00a7 58.1-399, entitled to make elections as provided in \u00a7 58.1-399.1, and entitled to elect an alternative reporting and payment method as provided in \u00a7 58.1-399.3:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":277897,"text":"Any direct tiered partner of an audited partnership;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":277898,"text":"Any indirect tiered partner of an audited partnership; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":277899,"text":"Any partner of a partner specified in subdivision 1 or 2.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":277900,"text":"A partner subject to the provisions of subsection A shall make required reports and payments no later than 90 days after the time for filing and providing statements to tiered partners and their partners pursuant to the provisions of § 6226 of the Internal Revenue Code and any regulations promulgated thereunder. The Department may establish procedures and deadlines for reports and payments required pursuant to this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3"}},"ancestry":[{"id":15666,"edition_id":1,"name":"Reporting Adjustments to Federal Taxable Income from Federal Partnership Audits","identifier":"9.1","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:57:38","date_modified":"2026-06-26 03:57:38","permalink":{"id":254497,"object_type":"structure","relational_id":15666,"identifier":"9.1","token":"58.1\/I\/3\/9.1","url":"\/58.1\/I\/3\/9.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13152,"edition_id":1,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":253267,"object_type":"structure","relational_id":13152,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","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":67971,"structure_id":15666,"section_number":"58.1-396","catch_line":"Definitions","url":"\/58.1-396\/","token":"58.1\/I\/3\/9.1\/58.1-396","metadata":false},{"id":65681,"structure_id":15666,"section_number":"58.1-397","catch_line":"Reporting requirement; administrative adjustment requests","url":"\/58.1-397\/","token":"58.1\/I\/3\/9.1\/58.1-397","metadata":false},{"id":64151,"structure_id":15666,"section_number":"58.1-398","catch_line":"State partnership representative","url":"\/58.1-398\/","token":"58.1\/I\/3\/9.1\/58.1-398","metadata":false},{"id":74602,"structure_id":15666,"section_number":"58.1-399","catch_line":"Reporting and payment requirements for a partnership subject to a final federal adjustment","url":"\/58.1-399\/","token":"58.1\/I\/3\/9.1\/58.1-399","metadata":false},{"id":79092,"structure_id":15666,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","url":"\/58.1-399.1\/","token":"58.1\/I\/3\/9.1\/58.1-399.1","metadata":false},{"id":77477,"structure_id":15666,"section_number":"58.1-399.2","catch_line":"Tiered partners","url":"\/58.1-399.2\/","token":"58.1\/I\/3\/9.1\/58.1-399.2","metadata":false},{"id":68782,"structure_id":15666,"section_number":"58.1-399.3","catch_line":"Alternative reporting and payment method","url":"\/58.1-399.3\/","token":"58.1\/I\/3\/9.1\/58.1-399.3","metadata":false},{"id":59939,"structure_id":15666,"section_number":"58.1-399.4","catch_line":"Effect of election","url":"\/58.1-399.4\/","token":"58.1\/I\/3\/9.1\/58.1-399.4","metadata":false},{"id":87004,"structure_id":15666,"section_number":"58.1-399.5","catch_line":"Failure to pay","url":"\/58.1-399.5\/","token":"58.1\/I\/3\/9.1\/58.1-399.5","metadata":false},{"id":60112,"structure_id":15666,"section_number":"58.1-399.6","catch_line":"De minimis exception","url":"\/58.1-399.6\/","token":"58.1\/I\/3\/9.1\/58.1-399.6","metadata":false},{"id":72733,"structure_id":15666,"section_number":"58.1-399.7","catch_line":"Administration","url":"\/58.1-399.7\/","token":"58.1\/I\/3\/9.1\/58.1-399.7","metadata":false}],"previous_section":{"id":79092,"structure_id":15666,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","url":"\/58.1-399.1\/","token":"58.1\/I\/3\/9.1\/58.1-399.1","metadata":false},"next_section":{"id":68782,"structure_id":15666,"section_number":"58.1-399.3","catch_line":"Alternative reporting and payment method","url":"\/58.1-399.3\/","token":"58.1\/I\/3\/9.1\/58.1-399.3","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-399.2\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 1030<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":68782,"section_number":"58.1-399.3","catch_line":"Alternative reporting and payment method","order_by":null,"url":"\/58.1-399.3\/"}],"refers_to":[{"id":74602,"section_number":"58.1-399","catch_line":"Reporting and payment requirements for a partnership subject to a final federal adjustment","order_by":null,"url":"\/58.1-399\/"},{"id":79092,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","order_by":null,"url":"\/58.1-399.1\/"}],"permalink":{"id":254519,"object_type":"law","relational_id":77477,"identifier":"58.1-399.2","token":"58.1\/I\/3\/9.1\/58.1-399.2","url":"\/58.1-399.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-399.2\/","token":"58.1\/I\/3\/9.1\/58.1-399.2","dublin_core":{"Title":"Tiered partners","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-399.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The following categories of partners<\/span> shall be subject to the reporting and payment requirements specified in \u00a7 58.1-399<\/a>, entitled to make elections as provided in \u00a7 58.1-399.1<\/a>, and entitled to elect an alternative reporting and payment method as provided in \u00a7 58.1-399.3<\/a>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Any direct tiered partner<\/span> of an audited partnership<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Any indirect tiered partner<\/span> of an audited partnership<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Any partner of a partner specified in subdivision 1 or 2. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A partner subject to the provisions of subsection A shall make required reports and payments no later than 90 days after the time for filing and providing statements to tiered partners<\/span> and their partners pursuant to the provisions of § 6226 of the Internal Revenue Code and any regulations promulgated thereunder. The Department<\/span> may establish procedures and deadlines for reports and payments required pursuant to this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTIERED PARTNERS (\u00a7 58.1-399.2)\n\nA. The following categories of partners shall be subject to the reporting and\npayment requirements specified in \u00a7 58.1-399, entitled to make elections as\nprovided in \u00a7 58.1-399.1, and entitled to elect an alternative reporting and\npayment method as provided in \u00a7 58.1-399.3:\n\n 1. Any direct tiered partner of an audited partnership;\n\n 2. Any indirect tiered partner of an audited partnership; and\n\n 3. Any partner of a partner specified in subdivision 1 or 2.\n\nB. A partner subject to the provisions of subsection A shall make required\nreports and payments no later than 90 days after the time for filing and\nproviding statements to tiered partners and their partners pursuant to the\nprovisions of § 6226 of the Internal Revenue Code and any regulations\npromulgated thereunder. The Department may establish procedures and deadlines\nfor reports and payments required pursuant to this section.\n\nHISTORY: 2020, c. 1030.","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}}