                                 CODE OF VIRGINIA

OMITTED ASSESSMENTS (§ 38.2-403.1)

If the Commission ascertains that any assessment that could have been assessed
during any current assessable year has not been assessed for any assessable year
of the three years last past, or that the same has been assessed at less than
the law required for any one or more of such years, or that the assessment, for
any cause, has not been realized, the Commission shall list and assess the same
at the rate prescribed for that year, adding thereto a penalty of 10 percent and
interest at the rate established pursuant to § 58.1-1812 which shall be
computed upon the assessment from the due date of the assessment until the
assessment is paid.

HISTORY: 2016, c. 193.