§ 58.1-486.1. Definitions.
"Owner" means the same as that term is defined in § 58.1-390.1.
"Pass-through entity" means the same as that term is defined in § 58.1-390.1.
"Taxable year" 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.
(2007, c. 796.)
Sections: Previous 58.1-481 58.1-482 58.1-483 58.1-484 58.1-485 58.1-485.1 58.1-486 58.1-486.1 58.1-486.2 58.1-490 58.1-491 58.1-491.1 58.1-492 58.1-493 58.1-494 NextLast modified: April 16, 2009