2011 Code of Virginia
Title 58.1 TAXATION.
Chapter 26 Taxation of Public Service Corporations (58.1-2600 thru 58.1-2690)
58.1-2661 Exceptions
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.)
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