§ 60.2-527 Tax rate of certain foreign contractors
A. For each calendar year, the tax rate of each foreign contractor doing business in Virginia shall be the maximum rate allowable by law for three years. At the end of the three-year period, such employer shall be eligible for the computed rate as provided in § 60.2-530.
B. As used in this section, “foreign contractor” means (i) an out-of-state “contractor” as defined in § 54.1-1100 or (ii) an out-of-state “highway contractor” engaged in the type of contracting activities referred to in § 33.2-1106, who does not maintain a principal place of business in Virginia as determined by the Commission, except that such employer need not be a member of any highway contractors association. Such determination by the Commission shall be final and not subject to judicial review.
History
This law was first created in 1982. The record of its establishment is cataloged in chapter 200 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1982 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1984, chapter 468; in 1986, chapter 480.
1982, c. 200, § 60.1-79.1; 1984, c. 468; 1986, c. 480.