2014 Virginia Code
Title 58.1 - Taxation
§ 58.1-419. Construction corporations; apportionment
A. Construction companies which have elected to report income on the completed contract basis shall apportion income within and without this Commonwealth in the ratio that the business within the Commonwealth is to the total business of the corporation.
B. All other construction corporations not reporting under the completed contract method shall determine Virginia taxable income by reference to §§ 58.1-406 through 58.1-416.
Code 1950, § 58-151.050:2; 1976, c. 436; 1981, c. 402; 1984, c. 675.
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