Taxation of Corporations

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 10 of the Code of Virginia, titled “Taxation of Corporations.” It is part of Chapter 3 “Income Tax”, which is part of Subtitle I “Taxes Administered by the Department of Taxation”, which is part of Title 58.1 “Taxation”. It contains 34 laws.

It’s comprised of the following 34 sections.

§ 58.1-400	Imposition of tax
§ 58.1-400.1	Minimum tax on telecommunications companies
§ 58.1-400.2	Taxation of electric suppliers, pipeline distribution companies, gas utilities, and gas suppliers
§ 58.1-400.3	Minimum tax on certain electric suppliers
§ 58.1-400.4	Minimum tax on home service contract providers
§ 58.1-401	Exemptions and exclusions
§ 58.1-402	Virginia taxable income
§ 58.1-403	Additional modifications to determine Virginia taxable income for certain corporations
§ 58.1-404	Reserved
§ 58.1-405	Corporations transacting or conducting entire business within this Commonwealth
§ 58.1-405.1	Eligibility of companies for apportionment modification; certification by the Virginia Economic Development Partnership Authority
§ 58.1-406	Allocation and apportionment of income
§ 58.1-407	How dividends allocated
§ 58.1-408	What income apportioned and how
§ 58.1-409	Property factor
§ 58.1-410	Valuation of property owned or rented
§ 58.1-411	Average value of property
§ 58.1-412	Payroll factor
§ 58.1-413	When compensation deemed paid or accrued in this Commonwealth
§ 58.1-414	Sales factor
§ 58.1-415	When sales of tangible personal property deemed in the Commonwealth
§ 58.1-416	(Contingent effective date — See Editor's note) When certain other sales deemed in the Commonwealth
§ 58.1-417	Motor carriers; apportionment
§ 58.1-418	Financial corporations; apportionment
§ 58.1-419	Construction corporations; apportionment
§ 58.1-420	Railway companies; apportionment
§ 58.1-421	Alternative method of allocation
§ 58.1-422	Manufacturing companies; apportionment
§ 58.1-422.1	Retail companies; apportionment
§ 58.1-422.2	Apportionment; taxpayers with enterprise data center operations
§ 58.1-422.3	Debt buyers; apportionment
§ 58.1-422.4	Property information and analytics firms
§ 58.1-422.5	(Contingent effective date — See Editor's note) Internet root infrastructure providers
§ 58.1-423	Income tax paid by commercial spaceflight entities