Code of Virginia § 58.1-2502. Exemptions and exclusions.
168 words·~1 min read·
/va/title-58-1/chapter-25/58-1-2502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Nothing in this chapter shall be construed to require any tax, other than taxes imposed upon property and the license tax imposed by § 38.2-4127 :
1. Upon fraternal benefit societies as defined in § 38.2-4100 .
2. Upon any mutual assessment fire insurance company as defined in §§ 38.2-2501 and 38.2-2503 which
(i)confines its business to not more than four contiguous counties and cities located therein and wholly surrounded thereby in the Commonwealth, if any such city has a population of not more than 30,000, or
(ii)confines its business to more than four contiguous counties in the Commonwealth if such counties together have a population not in excess of 100,000.
3. Upon premiums derived from workers' compensation insurance on which a premium tax is imposed under the provisions of § 65.2-1000 .
4. Upon consideration for contracts for annuities as defined in § 38.2-106 .
Code 1950, §§ 58-493, 58-494; 1952, c. 190; 1956, c. 527; 1960, c. 452; 1977, c. 248; 1984, c. 675.