§ 58-1-486-1

'Owner' means the same as that term is defined in § 58.1-390.1.\n'Pass-through entity' means the same as that term is defined in § 58.1-390.1.\n'Taxable year' when used in regard to pass-through entities means the taxable year of the pass-through entity for federal income tax purposes. If a pass-through entity does not have a taxable year for federal tax purposes, its tax year for purposes of this article shall be the calendar year.\n2007, c. 796.