§ 58.1-2627 — Exemptions

Virginia § 58.1-2627

• Jurisdiction: Virginia
• Title 58.1: TAXATION
• Subtitle II: TAXES ADMINISTERED BY OTHER AGENCIES
• Ch. 26: TAXATION OF PUBLIC SERVICE CORPORATIONS
• Art. 2: LICENSE TAX ON TELEGRAPH, TELEPHONE, WATER, HEAT, LIGHT, POWER AND PIPELINE COMPANIES

Text

There shall be deducted from the gross receipts of any corporation engaged in the business of furnishing heat, light or power by means of gas, revenues billed on behalf of another person to the extent such revenues are later paid over to or settled with that person.

Legislative History

Code 1950, § 58-603; 1971, Ex. Sess., c. 41; 1972, c. 858; 1976, c. 778; 1978, c. 786; 1980, c. 668; 1982, c. 633; 1984, c. 675; 1986, c. 243; 1993, c. 522; 1998, c. 197; 1999, c. 971.