{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/60.2-503.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/60.2-503.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/60.2-503.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/60.2-503.html"}],"law_id":82934,"edition_id":1,"section_id":82934,"structure_id":15800,"section_number":"60.2-503","catch_line":"Authority to terminate elections","history":"1974, c. 466, \u00a7 60.1-89; 1981, cc. 248, 252; 1986, c. 480.","full_text":"If any nonprofit organization is delinquent in making payments in lieu of taxes as required under subsection C of \u00a7 60.2-501, the Commission may terminate such organization’s election to make payments in lieu of taxes as of the beginning of the next taxable year, and such termination shall be effective for that and the next taxable year.","order_by":null,"text":{"0":{"id":297250,"text":"If any nonprofit organization is delinquent in making payments in lieu of taxes as required under subsection C of \u00a7 60.2-501, the Commission may terminate such organization’s election to make payments in lieu of taxes as of the beginning of the next taxable year, and such termination shall be effective for that and the next taxable year.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15800,"edition_id":1,"name":"Employer Taxation","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13052,"metadata":{},"date_created":"2026-06-26 03:59:42","date_modified":"2026-06-26 03:59:42","permalink":{"id":267635,"object_type":"structure","relational_id":15800,"identifier":"1","token":"60.2\/5\/1","url":"\/60.2\/5\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13052,"edition_id":1,"name":"Taxation","identifier":"5","label":"chapter","depth":2,"order_by":1,"parent_id":12883,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":267633,"object_type":"structure","relational_id":13052,"identifier":"5","token":"60.2\/5","url":"\/60.2\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12883,"edition_id":1,"name":"Unemployment Compensation","identifier":"60.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":267273,"object_type":"structure","relational_id":12883,"identifier":"60.2","token":"60.2","url":"\/60.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":79987,"structure_id":15800,"section_number":"60.2-500","catch_line":"Determination with respect to whether employing unit is employer; whether services constitute employment; or whether business transfer is illegal","url":"\/60.2-500\/","token":"60.2\/5\/1\/60.2-500","metadata":false},{"id":74537,"structure_id":15800,"section_number":"60.2-501","catch_line":"Financing of benefits to employees of nonprofit organizations","url":"\/60.2-501\/","token":"60.2\/5\/1\/60.2-501","metadata":false},{"id":64084,"structure_id":15800,"section_number":"60.2-502","catch_line":"Bonding of nonprofit organizations","url":"\/60.2-502\/","token":"60.2\/5\/1\/60.2-502","metadata":false},{"id":82934,"structure_id":15800,"section_number":"60.2-503","catch_line":"Authority to terminate elections","url":"\/60.2-503\/","token":"60.2\/5\/1\/60.2-503","metadata":false},{"id":61679,"structure_id":15800,"section_number":"60.2-504","catch_line":"Allocation of benefit costs","url":"\/60.2-504\/","token":"60.2\/5\/1\/60.2-504","metadata":false},{"id":65862,"structure_id":15800,"section_number":"60.2-505","catch_line":"Group accounts","url":"\/60.2-505\/","token":"60.2\/5\/1\/60.2-505","metadata":false},{"id":66996,"structure_id":15800,"section_number":"60.2-506","catch_line":"Financing of benefits to state employees","url":"\/60.2-506\/","token":"60.2\/5\/1\/60.2-506","metadata":false},{"id":63537,"structure_id":15800,"section_number":"60.2-507","catch_line":"Financing of benefits to employees of governmental entities","url":"\/60.2-507\/","token":"60.2\/5\/1\/60.2-507","metadata":false},{"id":75938,"structure_id":15800,"section_number":"60.2-507.1","catch_line":"Financing of benefits to employees of Indian tribes","url":"\/60.2-507.1\/","token":"60.2\/5\/1\/60.2-507.1","metadata":false},{"id":70581,"structure_id":15800,"section_number":"60.2-508","catch_line":"Period of coverage generally; account required","url":"\/60.2-508\/","token":"60.2\/5\/1\/60.2-508","metadata":false},{"id":72820,"structure_id":15800,"section_number":"60.2-509","catch_line":"Termination of coverage","url":"\/60.2-509\/","token":"60.2\/5\/1\/60.2-509","metadata":false},{"id":60892,"structure_id":15800,"section_number":"60.2-510","catch_line":"Election as to coverage","url":"\/60.2-510\/","token":"60.2\/5\/1\/60.2-510","metadata":false}],"previous_section":{"id":64084,"structure_id":15800,"section_number":"60.2-502","catch_line":"Bonding of nonprofit organizations","url":"\/60.2-502\/","token":"60.2\/5\/1\/60.2-502","metadata":false},"next_section":{"id":61679,"structure_id":15800,"section_number":"60.2-504","catch_line":"Allocation of benefit costs","url":"\/60.2-504\/","token":"60.2\/5\/1\/60.2-504","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/60.2-503\/","history_text":"

This law was first created in 1974. The record of its establishment is cataloged in chapter 466 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. Unfortunately, the 1974 \u201cActs\u201d aren\u2019t available online. It has been modified 2 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 1981, chapters 248 and 252; in 1986, chapter 480.<\/p>","references":false,"refers_to":[{"id":74537,"section_number":"60.2-501","catch_line":"Financing of benefits to employees of nonprofit organizations","order_by":null,"url":"\/60.2-501\/"}],"permalink":{"id":267649,"object_type":"law","relational_id":82934,"identifier":"60.2-503","token":"60.2\/5\/1\/60.2-503","url":"\/60.2-503\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/60.2-503\/","token":"60.2\/5\/1\/60.2-503","dublin_core":{"Title":"Authority to terminate elections","Type":"Text","Format":"text\/html","Identifier":"\u00a7 60.2-503","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If any nonprofit organization is delinquent in making payments in lieu of taxes as required under subsection C of \u00a7 60.2-501<\/a>, the Commission may terminate such organization’s election to make payments in lieu of taxes as of the beginning of the next taxable year, and such termination shall be effective for that and the next taxable year.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY TO TERMINATE ELECTIONS (\u00a7 60.2-503)\n\nIf any nonprofit organization is delinquent in making payments in lieu of taxes\nas required under subsection C of \u00a7 60.2-501, the Commission may terminate such\norganization’s election to make payments in lieu of taxes as of the\nbeginning of the next taxable year, and such termination shall be effective for\nthat and the next taxable year.\n\nHISTORY: 1974, c. 466, \u00a7 60.1-89; 1981, cc. 248, 252; 1986, c. 480.","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}}