58.1-2633 - Assessment by Commission.
§ 58.1-2633. Assessment by Commission.
A. The Commission shall assess the value of the reported property subject tolocal taxation of each telegraph, telephone, water, heat, light and powercompany and electric supplier, except a pipeline transmission company taxedpursuant to § 58.1-2627.1, and shall assess the license tax levied hereon ifsuch company is subject to the license tax under this article.
B. Should any such person fail to make the reports required by this articleon or before April 15 of each year, the Commission shall assess the value ofthe property of such person, and its gross receipts upon the best and mostreliable information that can be obtained by the Commission.
C. In making such assessment, the Commission may require such person or itsofficers and employees to appear with such documents and papers as theCommission deems necessary.
(Code 1950, §§ 58-582, 58-610; 1956, c. 69; 1968, c. 637; 1972, c. 813; 1984,c. 675; 1988, c. 899; 1999, c. 971.)