                                 CODE OF VIRGINIA

WAIVER OF TIME LIMITATION ON ASSESSMENT OF TAXES (§ 58.1-101)

Where before the expiration of the time prescribed for the assessment of any tax
imposed pursuant to this title and assessable by the Department both the Tax
Commissioner and the taxpayer have consented in writing to its assessment after
such time, the tax may be assessed at any time prior to the expiration of the
period agreed upon. The period so agreed upon may be extended by subsequent
agreements in writing made before the expiration of the period previously agreed
upon.

HISTORY: Code 1950, § 58-45.1; 1971, Ex. Sess., cc. 48, 245; 1984, c. 675.