58.1-2647 - Where declarations filed and how payments made; refunding overpayments. - Virginia Statutes

§ 58.1-2647. Where declarations filed and how payments made; refundingoverpayments.

A. Every taxpayer required to file a declaration and make payment of theestimated tax shall file and pay the same with the Commission. All suchpayments shall be deposited by the Commission into the state treasury.

B. If any taxpayer overestimates and overpays estimated tax, the Commissionshall order a refund of the amount of the overpayment to the taxpayer. Theoverpayment shall be refunded out of the state treasury on the order of theCommission upon the Comptroller. The Commission may act under this subsectionwithin two years from December 31 of the year in which such overpayment wasmade.

(Code 1950, § 58-514.7; 1968, c. 15; 1984, c. 675; 1988, c. 899.)