Administrative Code

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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 120. Corporation Income Tax
1/27/2023

23VAC10-120-130. Allocation and apportionment.

A. In general.

1. If a corporation has income from business activity which is subject to taxation both within and without Virginia, as defined in 23VAC10-120-120, the corporation shall allocate and apportion its Virginia taxable income as provided in §§ 58.1-407 through 58.1-420 of the Code of Virginia.

2. Only corporations allocate and apportion income. Individuals and other taxpaying entities follow other rules.

B. Alternate method. If the statutory method of allocation and apportionment unfairly states the income from Virginia sources, a corporation may petition the Department of Taxation to allow an alternate method under § 58.1-421 of the Code of Virginia. See 23VAC10-120-280.

Statutory Authority

§§ 58.1-203 and 58.1-406 of the Code of Virginia.

Historical Notes

Derived from VR630-3-406, eff. January 1, 1985.

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