Virginia

Decoded

§ 58.1-407

How dividends allocated

Dividends received to the extent included in Virginia taxable income are allocable to the state of commercial domicile of the taxpaying corporation.

History

Code 1950, § 58-151.037; 1971, Ex. Sess., c. 171; 1981, c. 402; 1984, c. 675.

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If you’re reading this for anything important, you should double-check its accuracy—read § 58.1-407 on the official Code of Virginia website.

Court Decisions

Corning Glass Works v. VA. DEPT. OF TAX. (SCV, 03/01/91)
. . . apportioned for taxation by Virginia. See Code §§ 58.1-407 through 420. Title 58 of the Code was . . .
COM., DEPT. OF TAXATION v. Delta Air Lines (SCV, 02/26/99)
. . . its Virginia taxable income as provided in §§ 58.1-407 through 58.2-420." Code § 58.1-406. To . . .

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