2006 Code of Virginia § 46.2-2062 - Regulation of taxicab service by localities; rates and charges

46.2-2062. Regulation of taxicab service by localities; rates and charges.

A. The governing body of any county, city or town in the Commonwealth may byordinance regulate the rates or charges of any motor vehicles used for thetransportation of passengers for a consideration on any highway, street,road, lane or alley in such county, city or town, and may prescribe suchreasonable regulations as to filing of schedules of rates, charges and thegeneral operation of such vehicles; provided that, notwithstanding anythingcontained in this chapter to the contrary, such ordinances and regulationsshall not prescribe the wages or compensation to be paid to any driver orlessor of any such motor vehicle by the owner or lessee thereof.

B. In considering rates or charges, the governing body may require any owneror operator to submit such supporting financial data as may be necessary,including federal or state income tax returns for the two years preceding;provided that such income tax returns submitted shall be used only forconsideration of such rates or charges and shall be kept confidential by thegoverning body concerned; and provided further that the governing body shallnot require any owner or operator to submit any audit more extensive thanthat conducted by such owner or operator in the normal course of business.

(2001, c. 596.)