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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 58.1. Taxation |
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SUBTITLE II. Taxes Administered By Other Agencies |
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CHAPTER 26. Taxation of Public Service Corporations |
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ARTICLE 5. Rolling Stock Tax on Railroads, Freight Car Companies and Motor Vehicle Carriers and Property Valuation of Railroads |
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SECTION 58.1-2659. Article not applicable to companies exempt by federal laws |
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No provision of this article shall have any application to any railway company doing business in this Commonwealth if such company is exempt by virtue of any provision of federal law from the payment of state and local taxes. Code 1950, § 58-541.1; 1982, c. 62; 1984, c. 675. |