Allocation and apportionment of income

Va. Code Ann. § 58.1-406
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Any corporation having income from business activity which is taxable both within and without the Commonwealth shall allocate and apportion its Virginia taxable income as provided in §§ 58.1-407 through 58.1-420 . Code 1950, § 58-151.035; 1971, Ex. Sess., c. 171; 1976, c. 436; 1979, c. 371; 1984, c. 675.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-406/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements