A. Every corporation organized under the laws of the Commonwealth, or havingincome from Virginia sources, other than a Subchapter S corporation subjectto the return filing requirements of § 58.1-392, shall make a report to theDepartment on or before the fifteenth day of the fourth month following theclose of its taxable year. Such reports shall be made on forms prescribed bythe Department and shall contain such information, including the grossreceipts from any business carried on in the Commonwealth and a depreciationschedule of property used in such trade or business, as may be necessary forthe proper enforcement of this chapter and be accompanied by a copy of anyfederal tax return or report filed for such taxable year. The Departmentshall not require any nonprofit organization created exclusively to assist alaw-enforcement official or agency in apprehending and convictingperpetrators of crimes, to report on such returns, or otherwise, the names ofindividuals or amounts paid to such individuals by the organization forproviding information about certain crimes.
Receivers, trustees in dissolution, trustees in bankruptcy, and assignees,operating the property or business of corporations must make returns ofincome for such corporations. If a receiver has full custody of and controlover the business or property of a corporation, he shall be deemed to beoperating such business or property, whether he is engaged in carrying on thebusiness for which the corporation was organized or only in marshaling,selling, or disposing of its assets for purposes of liquidation.
B. Notwithstanding the provisions of subsection A, every organization to whomsubdivision 5 of § 58.1-401 applies, and having unrelated business taxableincome or other taxable income, shall make a report to the Department on orbefore the fifteenth day of the sixth month following the close of theorganization's taxable year.
(Code 1950, §§ 58-151.062, 58-151.078; 1971, Ex. Sess., c. 171; 1972, cc.465, 827; 1978, c. 796; 1984, c. 675; 1988, c. 444; 2003, c. 376; 2004, Sp.Sess. I, c. 3.)
A. Every corporation organized under the laws of the Commonwealth, or havingincome from Virginia sources, other than a Subchapter S corporation subjectto the return filing requirements of § 58.1-392, shall make a report to theDepartment on or before the fifteenth day of the fourth month following theclose of its taxable year. Such reports shall be made on forms prescribed bythe Department and shall contain such information, including the grossreceipts from any business carried on in the Commonwealth and a depreciationschedule of property used in such trade or business, as may be necessary forthe proper enforcement of this chapter and be accompanied by a copy of anyfederal tax return or report filed for such taxable year. The Departmentshall not require any nonprofit organization created exclusively to assist alaw-enforcement official or agency in apprehending and convictingperpetrators of crimes, to report on such returns, or otherwise, the names ofindividuals or amounts paid to such individuals by the organization forproviding information about certain crimes.
Receivers, trustees in dissolution, trustees in bankruptcy, and assignees,operating the property or business of corporations must make returns ofincome for such corporations. If a receiver has full custody of and controlover the business or property of a corporation, he shall be deemed to beoperating such business or property, whether he is engaged in carrying on thebusiness for which the corporation was organized or only in marshaling,selling, or disposing of its assets for purposes of liquidation.
B. Notwithstanding the provisions of subsection A, every organization to whomsubdivision 5 of § 58.1-401 applies, and having unrelated business taxableincome or other taxable income, shall make a report to the Department on orbefore the fifteenth day of the sixth month following the close of theorganization's taxable year.
(Code 1950, §§ 58-151.062, 58-151.078; 1971, Ex. Sess., c. 171; 1972, cc.465, 827; 1978, c. 796; 1984, c. 675; 1988, c. 444; 2003, c. 376; 2004, Sp.Sess. I, c. 3.)
A. Every corporation organized under the laws of the Commonwealth, or havingincome from Virginia sources, other than a Subchapter S corporation subjectto the return filing requirements of § 58.1-392, shall make a report to theDepartment on or before the fifteenth day of the fourth month following theclose of its taxable year. Such reports shall be made on forms prescribed bythe Department and shall contain such information, including the grossreceipts from any business carried on in the Commonwealth and a depreciationschedule of property used in such trade or business, as may be necessary forthe proper enforcement of this chapter and be accompanied by a copy of anyfederal tax return or report filed for such taxable year. The Departmentshall not require any nonprofit organization created exclusively to assist alaw-enforcement official or agency in apprehending and convictingperpetrators of crimes, to report on such returns, or otherwise, the names ofindividuals or amounts paid to such individuals by the organization forproviding information about certain crimes.
Receivers, trustees in dissolution, trustees in bankruptcy, and assignees,operating the property or business of corporations must make returns ofincome for such corporations. If a receiver has full custody of and controlover the business or property of a corporation, he shall be deemed to beoperating such business or property, whether he is engaged in carrying on thebusiness for which the corporation was organized or only in marshaling,selling, or disposing of its assets for purposes of liquidation.
B. Notwithstanding the provisions of subsection A, every organization to whomsubdivision 5 of § 58.1-401 applies, and having unrelated business taxableincome or other taxable income, shall make a report to the Department on orbefore the fifteenth day of the sixth month following the close of theorganization's taxable year.
(Code 1950, §§ 58-151.062, 58-151.078; 1971, Ex. Sess., c. 171; 1972, cc.465, 827; 1978, c. 796; 1984, c. 675; 1988, c. 444; 2003, c. 376; 2004, Sp.Sess. I, c. 3.)
