CODE OF VIRGINIA PAYMENTS ARE ON ACCOUNT OF TAX FOR LICENSE YEAR (§ 58.1-2524) Payment of the estimated tax or any installment thereof shall be considered payment on account of the license tax imposed by this chapter for the license year. HISTORY: Code 1950, § 58-502.4; 1968, c. 13; 1972, c. 153; 1984, c. 675.