{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-400.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-400.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-400.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-400.html"}],"law_id":60955,"edition_id":1,"section_id":60955,"structure_id":13460,"section_number":"58.1-400","catch_line":"Imposition of tax","history":"Code 1950, \u00a7\u00a7 58-151.03, 58-151.031; 1971, Ex. Sess., c. 171; 1972, cc. 310, 563; 1978, cc. 159, 796; 1981, c. 402; 1984, c. 675.","full_text":"A tax at the rate of six percent is hereby annually imposed on the Virginia taxable income for each taxable year of every corporation organized under the laws of the Commonwealth and every foreign corporation having income from Virginia sources.","order_by":null,"text":{"0":{"id":222922,"text":"A tax at the rate of six percent is hereby annually imposed on the Virginia taxable income for each taxable year of every corporation organized under the laws of the Commonwealth and every foreign corporation having income from Virginia sources.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13460,"edition_id":1,"name":"Taxation of Corporations","identifier":"10","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:44:56","date_modified":"2026-06-26 03:44:56","permalink":{"id":253359,"object_type":"structure","relational_id":13460,"identifier":"10","token":"58.1\/I\/3\/10","url":"\/58.1\/I\/3\/10\/","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":60955,"structure_id":13460,"section_number":"58.1-400","catch_line":"Imposition of tax","url":"\/58.1-400\/","token":"58.1\/I\/3\/10\/58.1-400","metadata":false},{"id":58533,"structure_id":13460,"section_number":"58.1-400.1","catch_line":"Minimum tax on telecommunications companies","url":"\/58.1-400.1\/","token":"58.1\/I\/3\/10\/58.1-400.1","metadata":false},{"id":77310,"structure_id":13460,"section_number":"58.1-400.2","catch_line":"Taxation of electric suppliers, pipeline distribution companies, gas utilities, and gas suppliers","url":"\/58.1-400.2\/","token":"58.1\/I\/3\/10\/58.1-400.2","metadata":false},{"id":79891,"structure_id":13460,"section_number":"58.1-400.3","catch_line":"Minimum tax on certain electric suppliers","url":"\/58.1-400.3\/","token":"58.1\/I\/3\/10\/58.1-400.3","metadata":false},{"id":85449,"structure_id":13460,"section_number":"58.1-400.4","catch_line":"Minimum tax on home service contract providers","url":"\/58.1-400.4\/","token":"58.1\/I\/3\/10\/58.1-400.4","metadata":false},{"id":75981,"structure_id":13460,"section_number":"58.1-401","catch_line":"Exemptions and exclusions","url":"\/58.1-401\/","token":"58.1\/I\/3\/10\/58.1-401","metadata":false},{"id":56970,"structure_id":13460,"section_number":"58.1-402","catch_line":"Virginia taxable income","url":"\/58.1-402\/","token":"58.1\/I\/3\/10\/58.1-402","metadata":false},{"id":65538,"structure_id":13460,"section_number":"58.1-403","catch_line":"Additional modifications to determine Virginia taxable income for certain corporations","url":"\/58.1-403\/","token":"58.1\/I\/3\/10\/58.1-403","metadata":false},{"id":61129,"structure_id":13460,"section_number":"58.1-404","catch_line":"Reserved","url":"\/58.1-404\/","token":"58.1\/I\/3\/10\/58.1-404","metadata":false},{"id":84403,"structure_id":13460,"section_number":"58.1-405","catch_line":"Corporations transacting or conducting entire business within this Commonwealth","url":"\/58.1-405\/","token":"58.1\/I\/3\/10\/58.1-405","metadata":false},{"id":56464,"structure_id":13460,"section_number":"58.1-405.1","catch_line":"Eligibility of companies for apportionment modification; 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It has been modified 4 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 1972, chapters 310 and 563; in 1978, chapters 159 and 796; in 1981, chapter 402; in 1984, chapter 675.<\/p>","references":[{"id":62909,"section_number":"2.2-4321.1","catch_line":"Prohibited contracts; exceptions; determination by Department of Taxation; appeal; remedies","order_by":null,"url":"\/2.2-4321.1\/"},{"id":76636,"section_number":"36-158","catch_line":"Definitions","order_by":null,"url":"\/36-158\/"},{"id":78685,"section_number":"56-235.8","catch_line":"Retail supply choice for natural gas customers","order_by":null,"url":"\/56-235.8\/"},{"id":59829,"section_number":"58.1-1840.2","catch_line":"Virginia Tax Amnesty Program","order_by":null,"url":"\/58.1-1840.2\/"},{"id":76765,"section_number":"58.1-202.1","catch_line":"Payment of taxes by electronic funds 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owners","order_by":null,"url":"\/58.1-486.2\/"},{"id":76719,"section_number":"58.1-512","catch_line":"Land preservation tax credits for individuals and corporations","order_by":null,"url":"\/58.1-512\/"},{"id":73898,"section_number":"59.1-280","catch_line":"Enterprise zone business tax credit","order_by":null,"url":"\/59.1-280\/"},{"id":73671,"section_number":"59.1-280.1","catch_line":"Enterprise zone real property investment tax credit","order_by":null,"url":"\/59.1-280.1\/"},{"id":82404,"section_number":"59.1-434.2","catch_line":"Registration; fees","order_by":null,"url":"\/59.1-434.2\/"}],"refers_to":false,"permalink":{"id":253361,"object_type":"law","relational_id":60955,"identifier":"58.1-400","token":"58.1\/I\/3\/10\/58.1-400","url":"\/58.1-400\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-400\/","token":"58.1\/I\/3\/10\/58.1-400","dublin_core":{"Title":"Imposition of tax","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-400","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A tax at the rate of six percent is hereby annually imposed on the Virginia taxable income for each taxable year of every <span class=\"dictionary\">corporation<\/span> organized under the <span class=\"dictionary\">laws<\/span> of the Commonwealth and every foreign <span class=\"dictionary\">corporation<\/span> having income from Virginia sources.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nIMPOSITION OF TAX (\u00a7 58.1-400)\n\nA tax at the rate of six percent is hereby annually imposed on the Virginia\ntaxable income for each taxable year of every corporation organized under the\nlaws of the Commonwealth and every foreign corporation having income from\nVirginia sources.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-151.03, 58-151.031; 1971, Ex. Sess., c. 171; 1972,\ncc. 310, 563; 1978, cc. 159, 796; 1981, c. 402; 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}}