Definitions

Va. Code Ann. § 58.1-486.1
in effect
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"Owner" means the same as that term is defined in § 58.1-390.1 . "Pass-through entity" means the same as that term is defined in § 58.1-390.1 . "Taxable year" when used in regard to pass-through entities means the taxable year of the pass-through entity for federal income tax purposes. If a pass-through entity does not have a taxable year for federal tax purposes, its tax year for purposes of this article shall be the calendar year. 2007, c. 796 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-486.1/Fetched: 10/16/2026

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