{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-500.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-500.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-500.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-500.html"}],"law_id":73973,"edition_id":1,"section_id":73973,"structure_id":16266,"section_number":"58.1-500","catch_line":"Declarations of estimated income tax required; contents, etc","history":"Code 1950, \u00a7 58-151.36; 1968, c. 14; 1970, c. 588; 1984, c. 675.","full_text":"A\n\nEvery corporation subject to taxation under this chapter shall make a declaration of estimated tax for the taxable year if its income tax imposed by this chapter, for such taxable year, reduced by any credits allowable against the tax, can reasonably be expected to exceed $1,000.B\n\nFor purposes of this article, “estimated tax” means the amount which the corporation estimates as the amount of the income tax imposed by this chapter for the taxable year less the amount which the corporation estimates as the sum of any credits allowable against the tax.C\n\nThe declaration shall contain such pertinent information as the Commissioner may by forms or regulations prescribe.D\n\nA corporation may make amendments of a declaration filed during the taxable year under regulations prescribed by the Tax Commissioner, not exceeding the number specified in § 58.1-501.E\n\nA corporation with a taxable year of less than twelve months shall make a declaration in accordance with regulations prescribed by the Tax Commissioner.","order_by":null,"text":{"0":{"id":266056,"text":"Every corporation subject to taxation under this chapter shall make a declaration of estimated tax for the taxable year if its income tax imposed by this chapter, for such taxable year, reduced by any credits allowable against the tax, can reasonably be expected to exceed $1,000.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":266057,"text":"For purposes of this article, “estimated tax” means the amount which the corporation estimates as the amount of the income tax imposed by this chapter for the taxable year less the amount which the corporation estimates as the sum of any credits allowable against the tax.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":266058,"text":"The declaration shall contain such pertinent information as the Commissioner may by forms or regulations prescribe.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":266059,"text":"A corporation may make amendments of a declaration filed during the taxable year under regulations prescribed by the Tax Commissioner, not 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overpayments","url":"\/58.1-503\/","token":"58.1\/I\/3\/20\/58.1-503","metadata":false},{"id":76990,"structure_id":16266,"section_number":"58.1-504","catch_line":"Failure to pay estimated income tax","url":"\/58.1-504\/","token":"58.1\/I\/3\/20\/58.1-504","metadata":false}],"next_section":{"id":65872,"structure_id":16266,"section_number":"58.1-501","catch_line":"Time for filing declarations of estimated income tax","url":"\/58.1-501\/","token":"58.1\/I\/3\/20\/58.1-501","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-500\/","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 14; in 1970, chapter 588; in 1984, chapter 675.<\/p>","references":[{"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":85449,"section_number":"58.1-400.4","catch_line":"Minimum tax on home service contract providers","order_by":null,"url":"\/58.1-400.4\/"},{"id":65872,"section_number":"58.1-501","catch_line":"Time for filing declarations of estimated income tax","order_by":null,"url":"\/58.1-501\/"},{"id":79458,"section_number":"58.1-502","catch_line":"Installment payment of estimated income tax","order_by":null,"url":"\/58.1-502\/"}],"refers_to":false,"permalink":{"id":254031,"object_type":"law","relational_id":73973,"identifier":"58.1-500","token":"58.1\/I\/3\/20\/58.1-500","url":"\/58.1-500\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-500\/","token":"58.1\/I\/3\/20\/58.1-500","dublin_core":{"Title":"Declarations of estimated income tax required; contents, etc","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-500","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every corporation<\/span> subject to taxation under this chapter shall make a declaration of estimated tax<\/span> for the taxable year if its income tax imposed by this chapter, for such taxable year, reduced by any credits allowable against the tax, can reasonably be expected to exceed $1,000. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For purposes of this article, “estimated tax<\/span>” means the amount which the corporation<\/span> estimates as the amount of the income tax imposed by this chapter for the taxable year less the amount which the corporation<\/span> estimates as the sum of any credits allowable against the tax. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The declaration shall contain such pertinent information as the Commissioner may by forms or regulations prescribe. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A corporation<\/span> may make amendments of a declaration filed during the taxable year under regulations prescribed by the Tax Commissioner<\/span>, not exceeding the number specified in § 58.1-501<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> A corporation<\/span> with a taxable year of less than twelve months shall make a declaration in accordance with regulations prescribed by the Tax Commissioner<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDECLARATIONS OF ESTIMATED INCOME TAX REQUIRED; CONTENTS, ETC (\u00a7 58.1-500)\n\nA. Every corporation subject to taxation under this chapter shall make a\ndeclaration of estimated tax for the taxable year if its income tax imposed by\nthis chapter, for such taxable year, reduced by any credits allowable against\nthe tax, can reasonably be expected to exceed $1,000.\n\nB. For purposes of this article, “estimated tax” means the amount\nwhich the corporation estimates as the amount of the income tax imposed by this\nchapter for the taxable year less the amount which the corporation estimates as\nthe sum of any credits allowable against the tax.\n\nC. The declaration shall contain such pertinent information as the Commissioner\nmay by forms or regulations prescribe.\n\nD. A corporation may make amendments of a declaration filed during the taxable\nyear under regulations prescribed by the Tax Commissioner, not exceeding the\nnumber specified in § 58.1-501.\n\nE. A corporation with a taxable year of less than twelve months shall make a\ndeclaration in accordance with regulations prescribed by the Tax Commissioner.\n\nHISTORY: Code 1950, \u00a7 58-151.36; 1968, c. 14; 1970, c. 588; 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}}