58.1-2652 - State tax on rolling stock; date of payment.
§ 58.1-2652. State tax on rolling stock; date of payment.
A. The state tax on the rolling stock of a railroad, a freight car companyand a certificated motor vehicle carrier, doing business in this Commonwealthshall be at the rate of $1 on each $100 of the assessed value thereof.
Rolling stock of a railroad or a freight car company shall include alllocomotives, of whatever motive power, autocars, cars of every kind anddescription, and all other equipment determined by the Tax Commissioner toconstitute rolling stock.
B. Such tax shall be paid by such company into the state treasury on orbefore June 1 of each year and shall be distributed in accordance with theprovisions of §§ 58.1-2658 and 58.1-2658.1.
(Code 1950, §§ 58-515, 58-530, 58-560, 58-622; 1956, c. 69; 1972, c. 813;1978, c. 784; 1983, c. 570; 1984, c. 675; 1985, c. 557.)