Section 58.1-3702 - Authority of counties, cities and townsThe provisions of this chapter shall be the sole authority for counties, cities and towns for the levying of the license taxes described herein. Except as provided herein, the governing body of every county, city and town that levies such license tax may impose the tax on the gross receipts or the Virginia taxable income of the business. Virginia taxable income shall be calculated pursuant to the provisions of § 58.1-322 or 58.1-402, whichever is applicable to the business. Throughout this chapter, except in § 58.1-3731, wherever the term "gross receipts" is used, the term "Virginia taxable income" shall be substituted whenever a county, city or town selects it as the base on which to levy the license tax.
Code 1950, § 58-266.1; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568, 570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558, 633; 1983, c. 554; 1984, cc. 247, 675, 695; 2011, c. 685.Amended by Acts 2011, § c. 685.Amended by Acts 1984, § cc. 247, 675, 695.Amended by Acts 1983, § c. 554.Amended by Acts 1982, § cc. 348, 548, 552, 554, 558, 633.Amended by Acts 1981, § cc. 419, 636.Amended by Acts 1980, § cc. 318, 736.Amended by Acts 1979, § cc. 565, 568, 570.Amended by Acts 1978, § cc. 772, 799, 817.Amended by Acts 1977, § c. 320.Amended by Acts 1976, § cc. 521, 719.Amended by Acts 1975, § cc. 23, 621.Amended by Acts 1974, § cc. 196, 438.Amended by Acts 1970, § cc. 231, 547.Amended by Acts 1968, § c. 619.Amended by Acts 1964, § c. 424.Amended by Acts 1956, § c. 242.Amended by Acts 1950, § p. 155.