Va. Code § 58.1-2661

Current with changes from the 2024 legislative session through ch. 845

Section 58.1-2661 - Exceptions

The amount of the regulatory revenue tax levied pursuant to § 58.1-2660 on railroads shall not exceed an estimate of the expenses to be incurred by the Commission and the Department reasonably attributable to the regulation and assessment for taxation of railroads, including a reasonable margin in the nature of a reserve fund.

Code 1950, § 58-664; 1970, c. 773; 1979, c. 443; 1980, c. 282; 1982, c. 62; 1983, c. 547; 1984, c. 675.

Amended by Acts 1984, c. 675.

Amended by Acts 1983, c. 547.

Amended by Acts 1982, c. 62.

Amended by Acts 1980, c. 282.

Amended by Acts 1979, c. 443.

Amended by Acts 1970, c. 773.