                                 CODE OF VIRGINIA

INCOME AND PROPERTY TAXES (§ 13.1-1120)

All professional limited liability companies organized or qualifying under the
provisions of this chapter shall be treated for income tax purposes under the
provisions of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 in the manner
determined under § 58.1-301, and property owned by professional limited
liability companies shall be taxed in the actual form in which it may exist and
not as capital.

HISTORY: 1992, c. 574.