§ 60.2-527. Tax rate of certain foreign contractors
A. For each calendar year, the tax rate of each foreign contractor doing business in Virginia shall be the maximum rate allowable by law for three years. At the end of the three-year period, such employer shall be eligible for the computed rate as provided in § 60.2-530.
B. As used in this section, "foreign contractor" means (i) an out-of-state "contractor" as defined in § 54.1-1100 or (ii) an out-of-state "highway contractor" engaged in the type of contracting activities referred to in § 33.1-337, who does not maintain a principal place of business in Virginia as determined by the Commission, except that such employer need not be a member of any highway contractors association. Such determination by the Commission shall be final and not subject to judicial review.
(1982, c. 200, § 60.1-79.1; 1984, c. 468; 1986, c. 480.)
Sections: Previous 60.2-520 60.2-521 60.2-522 60.2-523 60.2-524 60.2-525 60.2-526 60.2-527 60.2-528 60.2-529 60.2-530 60.2-531 60.2-532 60.2-533 60.2-534 NextLast modified: April 16, 2009