79601413.1-1120Virginia Decodedhttps://vacode.org2016CorporationsVirginia Professional Limited Liability Company ActIncome and property taxes1992, c. 574.http://law.lis.virginia.gov/vacode/13.1-1120/58.1-300Incomes not subject to local taxation/58.1-300/58.1-301Conformity to Internal Revenue Code/58.1-301//13.1-1120/13.1/13/13.1-1120

All professional limited liability companies organized or qualifying under the provisions of this chapter shall be treated for income tax purposes under the provisions of Chapter 3 (§ 58.1-300 et seq.) of Title 58.1 in the manner determined under § 58.1-301, and property owned by professional limited liability companies shall be taxed in the actual form in which it may exist and not as capital.section

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