Nothing in the preceding sections relative to the payment of estimated tax payments shall be construed as affecting other provisions of this chapter except to the extent required to ensure the collection of estimated taxes. To the extent there is inconsistency between a section relating to the payment of estimated taxes and § 58.1-2629, relating to taxpayers beginning business, those sections relating to the payment of estimated taxes shall control. Moreover, if a taxpayer goes out of business or ceases to be subject to the license tax in any taxable or tax year, such an event shall not defeat the payment of the license tax for the period in which the corporation was subject to the license tax and received gross receipts.

History

Code 1950, § 58-514.9; 1968, c. 15; 1984, c. 675; 1988, c. 899.