CODE OF VIRGINIA

DATE AS OF WHICH INTANGIBLE PERSONAL PROPERTY MUST BE RETURNED (§ 58.1-1107)

Intangible personal property shall be returned for taxation as of January 1 of
every year. The status of all persons, firms, corporations and other taxpayers
liable to taxation on intangible personal property shall be fixed and the value
of all intangible personal property returned for taxation shall be taken as of
such date in each year.Notwithstanding the other provisions of this section, a
taxpayer may at his option make return of the average amount of intangible
personal property employed in business on such date and August 1 next preceding.

HISTORY: Code 1950, § 58-423; 1982, c. 633; 1984, c. 675.