Virginia Decodedhttps://vacode.org5419358.1-2620Basis of tax202536-15856-235.858.1-260058.1-266358.1-339.258.1-43958.1-439.12:0958.1-439.1858.1-439.2158.1-439.2658.1-439.2958.1-439.658.1-439.6:159.1-28059.1-280.1TaxationTaxes Administered by Other AgenciesTaxation of Public Service CorporationsLicense Tax on Telegraph, Telephone, Water, Heat, Light, Power and Pipeline Companies

The license tax levied pursuant to this article shall be paid annually for each tax year based upon the gross receipts received during the taxable year.

Code 1950, § 58-503.2; 1979, c. 153; 1984, c. 675.