§ 58.1-2526. Where declarations filed and how payments made; refunding overpayments
A. Every insurance company required by this article to file a declaration and make payment of the estimated tax shall file and pay the same with the Commission. All such payments shall be deposited by the Commission into the state treasury.
B. If any insurance company overestimates and overpays estimated tax or overpays as a result of increased regulatory costs imposed pursuant to § 38.2-1026, the Commission shall order a refund of the amount of the overpayment to the taxpayer. The overpayment shall be refunded out of the state treasury on the order of the Commission upon the Comptroller. The Commission may act under this paragraph within three years from the date on which such overpayment was made.
(Code 1950, § 58-502.5; 1968, c. 13; 1984, c. 675; 1985, c. 221; 1999, c. 571.)
Sections: Previous 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 58.1-2528 58.1-2529 58.1-2530 58.1-2531 NextLast modified: April 16, 2009