State Codes and Statutes
Statutes > Virginia > Title-58-1 > Chapter-3 > 58-1-486-1§ 58.1-486.1. Definitions.
"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 thetaxable year of the pass-through entity for federal income tax purposes. If apass-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.)
