Dividends received to the extent included in Virginia taxable income are allocable to the state of commercial domicile of the taxpaying corporation.
Va. Code Ann. § 58.1-407
How dividends allocated
Applied in 1 court decision — leading case Corning Glass Works, Inc. v. Virginia Department of Taxation (1991)
Most recently applied in Corning Glass Works, Inc. v. Virginia Department of Taxation (March 1991)
Code 1950, § 58-151.037; 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.