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.
Va. Code Ann. § 58.1-406
Allocation and apportionment of income
Applied in 2 court decisions — leading case General Dynamics Corp. v. Sharp (1996)
Most recently applied in General Dynamics Corp. v. Sharp (May 1996)
Code 1950, § 58-151.035; 1971, Ex
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.