Tax classification

Va. Code Ann. § 13.1-1207
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
For purposes of any tax imposed by Title 58.1, a business trust shall be classified as a corporation, an association, a partnership, a trust, a real estate investment trust, a regulated investment company or otherwise, as shall be determined under the United States Internal Revenue Code of 1986, as amended, or under any successor provision. 2002, c. 621 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-1207/Fetched: 10/16/2026

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