58.1-390.2 - Taxation of pass-through entities. - Virginia Statutes

§ 58.1-390.2. Taxation of pass-through entities.

Except as provided for in this article, owners of pass-through entities shallbe liable for tax under this chapter only in their separate or individualcapacities on income passed through to the owners of pass-through entities.Any taxes imposed on the pass-through entity itself, such as, but not limitedto, sales and use taxes, withholding taxes with respect to employees ornonresident owners, and minimum taxes in lieu of income taxes, shall be paidby the pass-through entity.

(2004, Sp. Sess. I, c. 3; 2009, cc. 37, 152.)