                                 CODE OF VIRGINIA

DEFINITIONS (§ 58.1-2600)

A. As used in this chapter:
			&#8220;Certificated motor vehicle carrier&#8221; means a common carrier by
motor vehicle, as defined in &#xA7; 46.2-2000, operating over regular routes
under a certificate of public convenience and necessity issued by the Commission
or issued on or after July 1, 1995, by the Department of Motor Vehicles. A
transit company or bus company that is owned or operated directly or indirectly
by a political subdivision of this Commonwealth shall not be deemed a
&#8220;certificated motor vehicle carrier&#8221; for the purposes of this
chapter and shall not be subject to the imposition of the tax imposed in &#xA7;
58.1-2652, nor shall such transit company or bus company thereby be subject to
the imposition of local property levies. A common carrier of property by motor
vehicle shall not be deemed a &#8220;certificated motor vehicle carrier&#8221;
for the purposes of this chapter and shall not be subject to the imposition of
the tax imposed in &#xA7; 58.1-2652, but shall be subject to the imposition of
local property taxes.			&#8220;Cogenerator&#8221; means a qualifying cogenerator
or qualifying small power producer within the meaning of regulations adopted by
the Federal Energy Regulatory Commission in implementation of the Public Utility
Regulatory Policies Act of 1978 (P.L. 95-617).			&#8220;Commission&#8221; means
the State Corporation Commission which is hereby designated pursuant to Article
X, Section 2 of the Constitution of Virginia as the central state agency
responsible for the assessment of the real and personal property of all public
service corporations, except those public service corporations for which the
Department of Taxation is so designated, upon which the Commonwealth levies a
license tax measured by the gross receipts of such corporations. The State
Corporation Commission shall also assess the property of each telephone or
telegraph company, every public service corporation in the Commonwealth in the
business of furnishing heat, light and power by means of electricity, and each
electric supplier, as provided by this chapter.			&#8220;Department&#8221; means
the Department of Taxation which is hereby designated pursuant to Article X,
Section 2 of the Constitution of Virginia as the central state agency to assess
the real and personal property of railroads and pipeline transmission companies
as defined herein.			&#8220;Electric supplier&#8221; means any person owning or
operating facilities for the generation, storage, transmission or distribution
of electricity for sales, except any person owning or operating facilities with
a designed generation or storage capacity of 25 megawatts or
less.			&#8220;Energy storage system&#8221; means the same as that term is
defined in &#xA7; 58.1-3660.			&#8220;Estimated tax&#8221; means the amount of
tax which a taxpayer estimates as being imposed by Article 2 (&#xA7; 58.1-2620
et seq.) of this chapter for the tax year as measured by the gross receipts
received in the taxable year.			&#8220;Freight car company&#8221; includes every
car trust, mercantile or other company or person not domiciled in this
Commonwealth owning stock cars, furniture cars, fruit cars, tank cars or other
similar cars. Such term shall not include a company operating a line as a
railroad.			&#8220;Gross receipts&#8221; means the total of all revenue derived
in the Commonwealth, including but not limited to income from the provision or
performance of a service or the performance of incidental operations not
necessarily associated with the particular service performed, without deductions
for expenses or other adjustments. Such term shall not, however, include
interest, dividends, investment income or receipts from the sale of real
property or other assets except inventory of goods held for sale or
resale.			&#8220;Pipeline distribution company&#8221; means a corporation, other
than a pipeline transmission company, which transmits, by means of a pipeline,
natural gas, manufactured gas or crude petroleum and the products or by-products
thereof to a purchaser for purposes of furnishing heat or
light.			&#8220;Pipeline transmission company&#8221; means a corporation
authorized to transmit natural gas, manufactured gas or crude petroleum and the
products or by-products thereof in the public service by means of a pipeline or
pipelines from one point to another when such gas or petroleum is not for sale
to an ultimate consumer for purposes of furnishing heat or
light.			&#8220;Storage&#8221; means the storage of energy by an energy storage
system.			&#8220;Tax Commissioner&#8221; means the chief executive officer of
the Department of Taxation or his designee.			&#8220;Tax year&#8221; means the
twelve-month period beginning on January 1 and ending on December 31 of the same
calendar year, such year also being the tax assessment year or the year in which
the tax levied under this chapter shall be paid.			&#8220;Taxable year&#8221;
means the calendar year preceding the tax year, upon which the gross receipts
are computed as a basis for the payment of the tax levied pursuant to this
chapter.			&#8220;Telegraph company&#8221; means a corporation or person
operating the apparatus necessary to communicate by
telegraph.			&#8220;Telephone company&#8221; means a person holding a
certificate of convenience and necessity granted by the State Corporation
Commission authorizing telephone service; or a person authorized by the Federal
Communications Commission to provide commercial mobile service as defined in
&#xA7; 332(d)(1) of the Communications Act of 1934, as amended, where such
service includes cellular mobile radio communications services or broadband
personal communications services; or a person holding a certificate issued
pursuant to &#xA7; 214 of the Communications Act of 1934, as amended,
authorizing domestic telephone service and belonging to an affiliated group
including a person holding a certificate of convenience and necessity granted by
the State Corporation Commission authorizing telephone service. The term
&#8220;affiliated group&#8221; has the meaning given in &#xA7; 58.1-3700.1.

B. For purposes of this chapter the terms &#8220;license tax&#8221; and
&#8220;franchise tax&#8221; shall be synonymous.

HISTORY: Code 1950, §§ 58-503, 58-503.1, 58-503.2, 58-508, 58-514.3, 58-514.4,
58-556, 58-626.1, 58-627; 1950, p. 660; 1954, c. 341; 1956, cc. 69, 475; 1968,
c. 15; 1970, c. 32; 1971, Ex. Sess., c. 45; 1974, c. 397; 1978, c. 62; 1979, c.
153; 1980, c. 649; 1982, c. 671; 1983, c. 570; 1984, c. 675; 1988, cc. 730, 899;
1995, c. 507; 1996, c. 381; 1998, c. 897; 1999, c. 971; 2002, cc. 443, 444;
2021, Sp. Sess. I, cc. 49, 50.