Gross receipts in cases of consolidation or merger

Va. Code Ann. § 58.1-2631
in effect
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Whenever there is a consolidation or merger of corporations taxable under § 58.1-2626 or taxable under Article 6 (§ 58.1-2660 et seq.) of this chapter, liability for the taxes shall attach to the corporation thus formed and the gross receipts which shall be used for measuring the license tax or special regulatory revenue tax of the corporation thus formed shall include the gross receipts of the corporations which were consolidated or merged. Code 1950, § 58-507; 1984, c. 675; 1988, c. 899; 2002, c. 502 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-2631/Fetched: 10/16/2026
Va. Code Ann. § 58.1-2631 — Gross receipts in cases of consolidation or merger | Code of Virginia (Aug. 2026 snapshot) | Corpus