                                 CODE OF VIRGINIA

LIMITATION ON TAX FOR CERTAIN MANUFACTURERS TAXABLE UNDER § 58.1-1605 (§
58.1-1607)

Manufacturers taxed pursuant to the provisions of § 58.1-1605 shall not in any
one calendar year of a biennium be liable for a tax under this chapter in excess
of sixty dollars when the amount of rough lumber manufactured is 500,000 board
feet or less, or in excess of thirty dollars when the amount of rough lumber
manufactured is 300,000 board feet or less. Any tax collected in excess of such
amounts shall be promptly refunded by the Tax Commissioner to the taxpayer who
has paid such excess.

HISTORY: Code 1950, § 58-838.8; 1956, c. 61; 1970, c. 770; 1972, c. 316; 1983,
c. 109; 1984, c. 675.