58.1-2631 - Gross receipts in cases of consolidation or merger. - Virginia Statutes

§ 58.1-2631. Gross receipts in cases of consolidation or merger.

Whenever there is a consolidation or merger of corporations taxable under §58.1-2626 or taxable under Article 6 (§ 58.1-2660 et seq.) of this chapter,liability for the taxes shall attach to the corporation thus formed and thegross receipts which shall be used for measuring the license tax or specialregulatory revenue tax of the corporation thus formed shall include the grossreceipts of the corporations which were consolidated or merged.

(Code 1950, § 58-507; 1984, c. 675; 1988, c. 899; 2002, c. 502.)