                                 CODE OF VIRGINIA

EXEMPTIONS AND EXCLUSIONS (§ 58.1-2502)

Nothing in this chapter shall be construed to require any tax, other than taxes
imposed upon property and the license tax imposed by § 38.2-4127:

1. Upon fraternal benefit societies as defined in &#xA7; 38.2-4100.

2. Upon any mutual assessment fire insurance company as defined in &#xA7;&#xA7;
38.2-2501 and 38.2-2503 which (i) confines its business to not more than four
contiguous counties and cities located therein and wholly surrounded thereby in
the Commonwealth, if any such city has a population of not more than 30,000, or
(ii) confines its business to more than four contiguous counties in the
Commonwealth if such counties together have a population not in excess of
100,000.

3. Upon premiums derived from workers&#8217; compensation insurance on which a
premium tax is imposed under the provisions of &#xA7; 65.2-1000.

4. Upon consideration for contracts for annuities as defined in &#xA7; 38.2-106.

HISTORY: Code 1950, §§ 58-493, 58-494; 1952, c. 190; 1956, c. 527; 1960, c.
452; 1977, c. 248; 1984, c. 675.