                                 CODE OF VIRGINIA

ANNUAL REPORT (§ 58.1-2628)

A. Each telegraph company and telephone company shall report annually, on April
15, to the Commission all real and tangible personal property of every
description in the Commonwealth, owned, operated or used by it, except leased
automobiles, leased trucks or leased real estate, as of January 1 preceding,
showing particularly the county, city, town or magisterial district wherein such
property is located.
			The report shall also show the total gross receipts for the 12 months ending
December 31 next preceding and the interstate revenue, if any, attributable to
the Commonwealth. Such revenue shall include all interstate revenue from
business originating and terminating within the Commonwealth and a proportion of
interstate revenue from all interstate business passing through, into or out of
the Commonwealth.

B. Every corporation doing in the Commonwealth the business of furnishing water,
heat, light and power, whether by means of gas or steam, except (i) pipeline
transmission companies taxed pursuant to &#xA7; 58.1-2627.1 or (ii) an electric
supplier as defined in &#xA7; 58.1-400.2, shall report annually, on April 15, to
the Commission all real and tangible personal property of every description in
the Commonwealth, belonging to it as of January 1 preceding, showing
particularly, as to property owned by it, the county, city, town or magisterial
district wherein such property is located. The report shall also show the total
gross receipts for the 12 months ending December 31 next preceding.

C. Every corporation in the Commonwealth in the business of furnishing heat,
light and power by means of electricity shall report annually, on April 15, to
the Commission all real and tangible personal property of every description in
the Commonwealth, belonging to such corporation, leased by such corporation for
a term greater than one year, or operated by such corporation as of the
preceding January 1, showing particularly the county, city, town or magisterial
district in which such property is located, unless reported to the Commission by
another corporation or electric supplier in the Commonwealth in the business of
furnishing heat, light and power by means of electricity. Real and tangible
personal property of every description in the Commonwealth leased by such
corporation for a term greater than one year or operated by such corporation
shall mean only those assets directly associated with production facilities and
shall not mean real estate or vehicles. The report shall also show the total
gross receipts less sales to federal, state and local governments for their own
use. Electric suppliers organized as cooperatives shall report annually their
gross receipts received from nonmembers.

D. Every electric supplier as defined in &#xA7; 58.1-2600 shall report annually,
on April 15, to the Commission all real and tangible personal property owned by
such electric supplier, leased by such electric supplier for a term greater than
one year, or operated by such electric supplier in the Commonwealth and used
directly for the generation, storage, transmission, or distribution of
electricity for sale as of the preceding January 1, showing particularly the
county, city, town, or magisterial district in which such property is located,
unless reported to the Commission by another corporation or electric supplier in
the Commonwealth in the business of furnishing heat, light, and power by means
of electricity. Real and tangible personal property of every description in the
Commonwealth leased by such electric supplier for a term greater than one year
or operated by such electric supplier shall mean only those assets directly
associated with production facilities and shall not mean real estate or
vehicles. The report shall also show the total gross receipts less sales to
federal, state, and local governments for their own use. Electric suppliers
organized as cooperatives shall report annually their gross receipts received
from nonmembers.

E. Every pipeline transmission company shall report annually, on April 15, to
the Department all of its real and tangible personal property of every
description as of the beginning of January 1 preceding, showing particularly in
what city, town or county and magisterial district therein the property is
located.

F. The report required by subsections A through E shall be completed on forms
prepared and furnished by the Commission. The Commission shall include on such
forms such information as the Commission deems necessary for the proper
administration of this chapter.

G. The report required by this section shall be certified by the oath of the
president or other designated official of the corporation or person.

HISTORY: Code 1950, §§ 58-581, 58-607 through 58-609; 1956, c. 69; 1968, c.
637; 1972, c. 813; 1979, c. 284; 1984, c. 675; 1987, c. 376; 1988, c. 899; 1998,
c. 197; 1999, c. 971; 2002, cc. 444, 502; 2004, cc. 661, 716; 2021, Sp. Sess. I,
cc. 49, 50.