§ 58.1-2520. Requirement of declaration
A. Every insurance company and nonstock corporation licensed pursuant to Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by § 58.1-2501 shall make a declaration of estimated tax if the tax imposed by this chapter, for the license year, measured by direct gross premium income, can reasonably be expected to exceed $3,000.
Such declaration shall contain such pertinent information as the Commission may by forms or regulations prescribe.
B. Any such insurance company or nonstock corporation with a taxable year of less than twelve months shall make a declaration in accordance with regulations prescribed by the Commission.
(Code 1950, § 58-502.2; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1987, cc. 565, 655.)
Sections: Previous 58.1-2505 58.1-2506 58.1-2507 58.1-2508 58.1-2509 58.1-2510 58.1-2511 58.1-2520 58.1-2521 58.1-2522 58.1-2523 58.1-2524 58.1-2525 58.1-2526 58.1-2527 NextLast modified: April 16, 2009