Va. Code » Title 58.1. Taxation » Subtitle I. Taxes Administered by the Department of Taxation » Chapter 3. Income Tax » Article 10. Taxation of Corporations
Virginia Code

Va. Code Ann. § 58.1-400 (2026)

Imposition of tax

✓ current as of May 2026
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A tax at the rate of six percent is hereby annually imposed on the Virginia taxable income for each taxable year of every corporation organized under the laws of the Commonwealth and every foreign corporation having income from Virginia sources.

Code 1950, §§ 58-151.03, 58-151.031; 1971, Ex. Sess., c. 171; 1972, cc. 310, 563; 1978, cc. 159, 796; 1981, c. 402; 1984, c. 675.

Notes of Decisions
Cited in 6 cases, 2008–2019 · leading case: VIRGINIA CELLULAR v. Va. Dept. of Taxation, 666 S.E.2d 374 (Va. 2008).
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VIRGINIA CELLULAR v. Va. Dept. of Taxation, 666 S.E.2d 374 (Va. 2008). · cites it 17× “1-395 ("Article 9")), and corporations (Code §§ 58.1-400 through 58.1-421 ("Article 10")).”
Kohl'S Dep't Stores, Inc. v. Va. Dep't of Taxation, 810 S.E.2d 891 (Va. 2018). · cites it 2× “Department of Taxation, 2004 Special Session I, Fiscal Impact Statement for HB 5018 (estimating that the add back statute would increase the Commonwealth's tax revenue by $34 million in 2005).”
Level 3 Commc'ns v. STATE CORP. COM'N, 710 S.E.2d 474 (Va. 2011). · cites it 4× “Code §§ 58.1-400, -400.1. A telecommunications company pays the minimum tax only when its regular corporate income tax liability is less than the minimum tax.”
Kohl's Dep't Stores, Inc. v. Va. Dep't of Taxation, 803 S.E.2d 336 (Va. 2017). · cites it 2× “Department of Taxation, 2004 Special Session I, Fiscal Impact Statement for HB 5018 (estimating that the add back statute would increase the Commonwealth's tax revenue by $34 million in 2005). Under Code § 58.”
The Corp. Exec. Bd. Co. v. Dept. of Taxation (Va. 2019). · cites it 2× “Code § 58.1-400 et seq. Virginia employs a formula to determine which portion of a corporation’s income it can properly tax.”
AMG Nat'l Trust Bank v. Commonwealth, 83 Va. Cir. 8 (Norfolk Cir. Ct. 2011). · cites it 3× “Virginia Code § 58.1-400 et seq. addresses the taxation of corporations.”
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