                                 CODE OF VIRGINIA

NATURAL GAS CONSUMPTION TAX RELATING TO THE SPECIAL REGULATORY TAX; NOTIFICATION
OF CHANGES (§ 58.1-2906)

A. The Commission may in the performance of its function and duty in levying the
natural gas utility consumption tax relating to the special regulatory tax, omit
the levy on any portion of the tax fixed in &#xA7; 58.1-2904 as is unnecessary
within the Commission&#8217;s sole discretion for the accomplishment of the
objects for which the tax is imposed, including a reasonable margin in the
nature of a reserve fund.

B. The Commission shall notify all pipeline distribution companies and gas
utilities collecting the tax on consumers of natural gas of any change in the
natural gas consumption tax relating to the special regulatory tax not later
than the first day of the second month preceding the month in which the revised
rate is to take effect.

HISTORY: 2000, cc. 691, 706.