Annual Survey of Virginia Law: Taxation

This article reviews significant recent developments in the law affecting Virginia taxation. The article is divided into six sections. Each of these sections covers the recent judicial decisions and legislative changes which have occurred over the past several years for the respective category of taxation discussed in the section. The discussion of legislative activities will generally cover the 1995 and 1996 Sessions of the Virginia General Assembly.

The judicial decisions reviewed in this article are primarily from the years 1995 and 1996. The overall purpose of this article is to provide Virginia tax and general practitioners with a concise overview of the recent developments in Virginia taxation most likely to have an impact on Virginia practitioners. The article is not designed to discuss or review all issues of Virginia taxation. This article will not discuss many of the numerous legislative technical changes to the State Taxation Code of Title 58.1.