Virginia § 60.2-503 - Authority to terminate elections
Full text of Virginia Code of Virginia § 60.2-503 — Authority to terminate elections, with citation guidance and answers to common questions.
§ 60.2-503. Authority to terminate elections
If any nonprofit organization is delinquent in making payments in lieu of taxes as required under subsection C of § 60.2-501, the Commission may terminate such organization's election to make payments in lieu of taxes as of the beginning of the next taxable year, and such termination shall be effective for that and the next taxable year.
1974, c. 466, § 60.1-89; 1981, cc. 248, 252; 1986, c. 480.
Frequently Asked Questions About Virginia § 60.2-503
What does Code of Virginia § 60.2-503 cover?
Section 60.2-503 ("Authority to terminate elections") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 60.2-503?
A common citation format is "Code of Virginia § 60.2-503" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 60.2-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.