§ 58.1-2633. Assessment by Commission
A. The Commission shall assess the value of the reported property subject to local taxation of each telegraph, telephone, water, heat, light and power company and electric supplier, except a pipeline transmission company taxed pursuant to § 58.1-2627.1, and shall assess the license tax levied hereon if such company is subject to the license tax under this article.
B. Should any such person fail to make the reports required by this article on or before April 15 of each year, the Commission shall assess the value of the property of such person, and its gross receipts upon the best and most reliable information that can be obtained by the Commission.
C. In making such assessment, the Commission may require such person or its officers and employees to appear with such documents and papers as the Commission deems necessary.
(Code 1950, §§ 58-582, 58-610; 1956, c. 69; 1968, c. 637; 1972, c. 813; 1984, c. 675; 1988, c. 899; 1999, c. 971.)
Sections: Previous 58.1-2627 58.1-2627.1 58.1-2628 58.1-2629 58.1-2630 58.1-2631 58.1-2632 58.1-2633 58.1-2634 58.1-2635 58.1-2640 58.1-2641 58.1-2642 58.1-2643 58.1-2644 NextLast modified: April 16, 2009