License (Gross Receipts) Tax on Water Companies
Pursuant to §58.1-2626 of the Code of Virginia, an annual state
license tax based on gross receipts is imposed on corporations furnishing water in Virginia.
A Statement of Gross Receipts is included as the last section of the Water Companies Annual Tax
The Public Service Taxation Division mails annual tax bills
by May 15th, showing the license tax due and the special regulatory revenue tax due.
Tax payments are due June 1st.
Failure to pay by the due date results in a 10% penalty.