77188358.1-2520Virginia Decodedhttps://vacode.org2016TaxationTaxes Administered By Other AgenciesLicense Tax On Certain Insurance CompaniesEstimated TaxRequirement of declarationCode 1950, § 58-502.2; 1968, c. 13; 1978, c. 4; 1984, c. 675; 1987, cc. 565, 655; 2011, c. 850.Every insurance company and nonstock corporation licensed pursuant to Chapters 42 and 45 of Title 38.2 subject to the state license tax imposed by § 58.1-2501 shall make a declaration of estimated tax if the tax imposed by this chapter, for the license year, measured by direct gross premium income, can reasonably be expected to exceed $ 3,000.Such declaration shall contain such pertinent information as the Department may by forms or guidelines prescribe.sectionAA1Any such insurance company or nonstock corporation with a taxable year of less than 12 months shall make a declaration in accordance with guidelines prescribed by the Department.sectionBB1http://law.lis.virginia.gov/vacode/58.1-2520/58.1-2501Levy of license tax/58.1-2501//58.1-2520/58.1/II/25/2/58.1-252038.2-261358.1-252158.1-2523