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Code of Virginia (Title 58.1 — Taxation)

Va. Code § 58.1-2526

Where declarations filed and how payments made; refunding overpayments

Official textlaw.lis.virginia.gov

# A.

Every insurance company required by this article to file a declaration and make payment of the estimated tax shall file and pay the same with the Department. All such payments shall be deposited by the Department into the state treasury.

# B.

If any insurance company overestimates and overpays estimated tax or overpays as a result of increased regulatory costs imposed pursuant to § 38.2-1026, the Department shall issue a refund of the amount of the overpayment to the taxpayer. The overpayment shall be refunded out of the state treasury. No interest shall be paid on the refund of any overpayment.

Last amended: Code 1950, § 58-502.5; 1968, c. 13; 1984, c. 675; 1985, c. 221; 1999, c. 571; 2011, c. 850; 2013, cc. 29, 163.

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Nearby sections (25 sections)
  1. 58.1-2505 · Amount of license tax for company commencing business
  2. 58.1-2506 · Reports to the Department
  3. 58.1-2507 · Penalties for failure to make report or pay tax; revocation…
  4. 58.1-2508 · Taxes applicable to insurance companies
  5. 58.1-2509 · Certain other provisions not affected by chapter
  6. 58.1-2510 · Tax credit for retaliatory costs paid to other states
  7. 58.1-2520 · Requirement of declaration
  8. 58.1-2521 · Time for filing declarations of estimated tax
  9. 58.1-2522 · Amendments to declaration
  10. 58.1-2523 · Payment of estimated tax
  11. 58.1-2524 · Payments are on account of tax for license year
  12. 58.1-2525 · Extensions of time
  13. 58.1-2526 · Where declarations filed and how payments made; refunding…
  14. 58.1-2527 · Failure to pay estimated tax
  15. 58.1-2528 · Exception to § 58.1-2527
  16. 58.1-2529 · Other provisions of this chapter not affected by this…
  17. 58.1-2530 · Double taxation respecting same direct gross premium income…
  18. 58.1-2531 · Distribution of certain revenue
  19. 58.1-2532 · Exchange of information
  20. 58.1-2533 · Reimbursement for certain costs
  21. 58.1-2600 · Definitions
  22. 58.1-2601 · Boundaries of certain political units to be furnished…
  23. 58.1-2602 · Local authorities to examine assessments and inform…
  24. 58.1-2603 · Local levies to be extended by commissioners of the…
  25. 58.1-2604 · Assessed valuation
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