{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/60.2-505.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/60.2-505.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/60.2-505.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/60.2-505.html"}],"law_id":65862,"edition_id":1,"section_id":65862,"structure_id":15800,"section_number":"60.2-505","catch_line":"Group accounts","history":"1974, c. 466, \u00a7 60.1-89; 1981, cc. 248, 252; 1986, c. 480.","full_text":"A\n\nTwo or more employers that have become liable for payments in lieu of taxes, in accordance with the provisions of § 60.2-501, may file a joint application to the Commission for the establishment of a group account for the purpose of sharing the cost of benefits paid that are attributable to service in the employ of such employers. Each such application shall identify and authorize a group representative to act as the group’s agent for the purposes of this section. Upon approval of the application, the Commission shall establish a group account for such employers effective as of the beginning of the calendar quarter in which it receives the application and shall notify the group’s representative of the effective date of the account. Such account shall remain in effect for not less than two years and thereafter until terminated at the discretion of the Commission or upon application by the group.B\n\nUpon establishment of the account, each member of the group shall be liable for payments in lieu of taxes with respect to each calendar quarter in the amount that bears the same ratio to the total benefits paid in such quarter that are attributable to service performed in the employ of all members of the group as the total wages paid for service in employment by such member in such quarter bear to the total wages paid during such quarter for service performed in the employ of all members of the group.C\n\nThe Commission shall prescribe such regulations as it deems necessary:1\n\nWith respect to application for establishment, maintenance and termination of group accounts that are authorized by this section;2\n\nFor addition of new members to, and withdrawal of active members from, such accounts; and3\n\nFor the determination of the amounts that are payable under this section by members of the group and the time and manner of such payments.","order_by":null,"text":{"0":{"id":239351,"text":"Two or more employers that have become liable for payments in lieu of taxes, in accordance with the provisions of § 60.2-501, may file a joint application to the Commission for the establishment of a group account for the purpose of sharing the cost of benefits paid that are attributable to service in the employ of such employers. Each such application shall identify and authorize a group representative to act as the group’s agent for the purposes of this section. Upon approval of the application, the Commission shall establish a group account for such employers effective as of the beginning of the calendar quarter in which it receives the application and shall notify the group’s representative of the effective date of the account. Such account shall remain in effect for not less than two years and thereafter until terminated at the discretion of the Commission or upon application by the group.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":239352,"text":"Upon establishment of the account, each member of the group shall be liable for payments in lieu of taxes with respect to each calendar quarter in the amount that bears the same ratio to the total benefits paid in such quarter that are attributable to service performed in the employ of all members of the group as the total wages paid for service in employment by such member in such quarter bear to the total wages paid during such quarter for service performed in the employ of all members of the group.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":239353,"text":"The Commission shall prescribe such regulations as it deems necessary:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"C1"},"3":{"id":239354,"text":"With respect to application for establishment, maintenance and termination of group accounts that are authorized by this section;","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"4":{"id":239355,"text":"For addition of new members to, and withdrawal of active members from, such accounts; and","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"C3"},"5":{"id":239356,"text":"For the determination of the amounts that are payable under this section by members of the group and the time and manner of such payments.","type":"section","prefixes":["C","3"],"prefix":"3","entire_prefix":"C3","prefix_anchor":"C3","level":2,"prior_prefix":"C2"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/60.2-505\/","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":267657,"object_type":"law","relational_id":65862,"identifier":"60.2-505","token":"60.2\/5\/1\/60.2-505","url":"\/60.2-505\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/60.2-505\/","token":"60.2\/5\/1\/60.2-505","dublin_core":{"Title":"Group accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 60.2-505","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Two or more employers that have become liable for payments in lieu of taxes, in accordance with the provisions of § 60.2-501<\/a>, may file a joint application to the Commission for the establishment of a group account for the purpose of sharing the cost of benefits paid that are attributable to service in the employ of such employers. Each such application shall identify and authorize a group representative to act as the group’s agent for the purposes of this section. Upon approval of the application, the Commission shall establish a group account for such employers effective as of the beginning of the calendar quarter in which it receives the application and shall notify the group’s representative of the effective date of the account. Such account shall remain in effect for not less than two years and thereafter until terminated at the discretion of the Commission or upon application by the group. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Upon establishment of the account, each member of the group shall be liable for payments in lieu of taxes with respect to each calendar quarter in the amount that bears the same ratio to the total benefits paid in such quarter that are attributable to service performed in the employ of all members of the group as the total wages paid for service in employment by such member in such quarter bear to the total wages paid during such quarter for service performed in the employ of all members of the group. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Commission shall prescribe such regulations as it deems necessary: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> With respect to application for establishment, maintenance and termination of group accounts that are authorized by this section; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> For addition of new members to, and withdrawal of active members from, such accounts; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> For the determination of the amounts that are payable under this section by members of the group and the time and manner of such payments. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGROUP ACCOUNTS (\u00a7 60.2-505)\n\nA. Two or more employers that have become liable for payments in lieu of taxes,\nin accordance with the provisions of § 60.2-501, may file a joint\napplication to the Commission for the establishment of a group account for the\npurpose of sharing the cost of benefits paid that are attributable to service in\nthe employ of such employers. Each such application shall identify and authorize\na group representative to act as the group’s agent for the purposes of\nthis section. Upon approval of the application, the Commission shall establish a\ngroup account for such employers effective as of the beginning of the calendar\nquarter in which it receives the application and shall notify the group’s\nrepresentative of the effective date of the account. Such account shall remain\nin effect for not less than two years and thereafter until terminated at the\ndiscretion of the Commission or upon application by the group.\n\nB. Upon establishment of the account, each member of the group shall be liable\nfor payments in lieu of taxes with respect to each calendar quarter in the\namount that bears the same ratio to the total benefits paid in such quarter that\nare attributable to service performed in the employ of all members of the group\nas the total wages paid for service in employment by such member in such quarter\nbear to the total wages paid during such quarter for service performed in the\nemploy of all members of the group.\n\nC. The Commission shall prescribe such regulations as it deems necessary:\n\n 1. With respect to application for establishment, maintenance and termination\n of group accounts that are authorized by this section;\n\n 2. For addition of new members to, and withdrawal of active members from, such\n accounts; and\n\n 3. For the determination of the amounts that are payable under this section by\n members of the group and the time and manner of such payments.\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}}