                                 CODE OF VIRGINIA

WHEN, WHERE AND HOW INDIVIDUAL INCOME TAXES PAYABLE AND COLLECTIBLE (§
58.1-351)

Each individual and fiduciary liable for income tax shall pay the same to the
treasurer of the county or city with whose commissioner of the revenue the
taxpayer files his return at the time fixed by law for filing the return. The
full amount of the tax payable as shown on the face of the return shall be so
paid. A taxpayer may file his return and pay his tax in full in the closing days
of his taxable year provided he is able to prepare a complete return.

If any payment is not made in full when due, there shall be added to the entire
tax or to any unpaid balance of the tax, a penalty of six percent of the amount
thereof, if the failure is for not more than one month, with an additional six
percent for each additional month or fraction thereof during which such failure
to pay continues, not exceeding thirty percent in the aggregate. The entire tax
or any unpaid balance of the tax, together with such penalty, will immediately
become collectible. Interest upon such tax or any unpaid balance of the tax, and
on the accrued penalty, shall be added at a rate determined in accordance with
§ 58.1-15, from the date the tax or any unpaid balance of the tax, was
originally due until paid. In the case of an additional tax assessed by the
commissioner of the revenue under the provisions of § 58.1-307, if the return
was made in good faith and the understatement of the amount in the return was
not due to any fault of the taxpayer, there shall be no penalty on the
additional tax because of such understatement, but interest shall be added to
the amount of the deficiency at a rate determined in accordance with § 58.1-15,
from the time the said return was required by law to be filed until paid.

The penalty under this section shall not be applicable to any month or fraction
thereof for which the individual is subject to the penalty imposed under §
58.1-347. In no event shall the total amount of penalty assessed under this
section and under § 58.1-347 exceed thirty percent in the aggregate.

HISTORY: Code 1950, § 58-151.077; 1971, Ex. Sess., c. 171; 1977, c. 396; 1984,
c. 675; 1989, cc. 629, 642; 1991, cc. 316, 331.