2011 Code of Virginia
Title 58.1 TAXATION.
Chapter 3 Income Tax (58.1-300 thru 58.1-549)
58.1-543 What income apportioned and how
58.1-543. What income apportioned and how.
Any corporation having income from sources within two or more counties and cities of the Commonwealth shall allocate and apportion its Virginia taxable income as provided in 58.1-407 through 58.1-420, omitting the sales factor, substituting "county or city" for the words "state" or "Commonwealth," substituting "in the Commonwealth" for "everywhere," and substituting "total business in the Commonwealth" for "total business," as the Tax Commissioner shall provide by regulation.
(1989, c. 245.)
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