§ 58.1-2652. State tax on rolling stock; date of payment
A. The state tax on the rolling stock of a railroad, a freight car company and a certificated motor vehicle carrier, doing business in this Commonwealth shall be at the rate of $1 on each $100 of the assessed value thereof.
Rolling stock of a railroad or a freight car company shall include all locomotives, of whatever motive power, autocars, cars of every kind and description, and all other equipment determined by the Tax Commissioner to constitute rolling stock.
B. Such tax shall be paid by such company into the state treasury on or before June 1 of each year and shall be distributed in accordance with the provisions of §§ 58.1-2658 and 58.1-2658.1.
(Code 1950, §§ 58-515, 58-530, 58-560, 58-622; 1956, c. 69; 1972, c. 813; 1978, c. 784; 1983, c. 570; 1984, c. 675; 1985, c. 557.)
Sections: Previous 58.1-2645 58.1-2646 58.1-2647 58.1-2648 58.1-2649 58.1-2650 58.1-2651 58.1-2652 58.1-2653 58.1-2654 58.1-2654.1 58.1-2655 58.1-2656 58.1-2657 58.1-2658 NextLast modified: April 16, 2009