Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-2661
Exceptions
Official textlaw.lis.virginia.gov
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.
Source: view the official text
Nearby sections (25 sections)
- 58.1-2636 · Revenue share for solar energy projects and energy storage…
- 58.1-2652 · State tax on rolling stock; date of payment
- 58.1-2653 · Annual report of railroads and freight car companies
- 58.1-2654 · Annual report of motor vehicle carriers
- 58.1-2654.1 · Penalty for failure to properly file annual reports
- 58.1-2655 · Assessment by Department and Commission
- 58.1-2656 · Valuation of sidetracks, double tracks, etc
- 58.1-2657 · Copies of assessments to be furnished to taxpayer and local…
- 58.1-2658 · Distribution of certain taxes collected; prohibition of…
- 58.1-2658.1 · Distribution of certain taxes collected
- 58.1-2659 · Article not applicable to companies exempt by federal laws
- 58.1-2660 · Special revenue tax; levy
- 58.1-2661 · Exceptions
- 58.1-2662 · Computation of revenue tax on railroads
- 58.1-2662.1 · Gross receipts of telephone and telegraph companies
- 58.1-2662.2 · Gross receipts of companies furnishing water, heat, light…
- 58.1-2663 · How taxes assessed, collected and paid
- 58.1-2664 · When taxes not to be assessed or assessed only in part
- 58.1-2665 · Use of taxes collected under this article
- 58.1-2670 · Application to Commission or Department for review
- 58.1-2670.1 · Application to court to correct erroneous local…
- 58.1-2671 · Setting for hearing and notice to adverse parties
- 58.1-2672 · Review on motion of Commission
- 58.1-2673 · Correction after hearing or investigation; proceedings for…
- 58.1-2674 · Notice to Commonwealth