                                 CODE OF VIRGINIA

DEFINITIONS (§ 58.1-486.1)

&#8220;Owner&#8221; means the same as that term is defined in § 58.1-390.1.
		&#8220;Pass-through entity&#8221; means the same as that term is defined in §
58.1-390.1.
		&#8220;Taxable year&#8221; when used in regard to pass-through entities means
the taxable year of the pass-through entity for federal income tax purposes. If
a pass-through entity does not have a taxable year for federal tax purposes, its
tax year for purposes of this article shall be the calendar year.

HISTORY: 2007, c. 796.