CODE OF VIRGINIA

GROSS RECEIPTS IN CASES OF CONSOLIDATION OR MERGER (§ 58.1-2631)

Whenever there is a consolidation or merger of corporations taxable under §
58.1-2626 or taxable under Article 6 (§ 58.1-2660 et seq.) of this chapter,
liability for the taxes shall attach to the corporation thus formed and the
gross receipts which shall be used for measuring the license tax or special
regulatory revenue tax of the corporation thus formed shall include the gross
receipts of the corporations which were consolidated or merged.

HISTORY: Code 1950, § 58-507; 1984, c. 675; 1988, c. 899; 2002, c. 502.