58.1-393.1 - Extension of time for filing return by pass-through entity. - Virginia Statutes

§ 58.1-393.1. Extension of time for filing return by pass-through entity.

A. In accordance with procedures established by the Tax Commissioner, anypass-through entity may elect an extension of time within which to file thereport or return required by this article to the date six months after suchdue date, or 30 days after the extended date for filing the federal report,whichever is later.

B. If the return is not filed on or before the extended due date electedunder subsection A, the penalty imposed by § 58.1-394.1 shall apply as if noextension had been granted.

(2004, Sp. Sess. I, c. 3; 2005, c. 100.)