Basis of tax

Va. Code Ann. § 58.1-2620
in effect
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The license tax levied pursuant to this article shall be paid annually for each tax year based upon the gross receipts received during the taxable year. Code 1950, § 58-503.2; 1979, c. 153; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-2620/Fetched: 10/16/2026

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