                                 CODE OF VIRGINIA

LOCAL TAXATION OF REAL AND TANGIBLE PERSONAL PROPERTY OF PUBLIC SERVICE
CORPORATIONS; OTHER PERSONS (§ 58.1-2606)

A. Notwithstanding the provisions of this section and &#xA7;&#xA7; 58.1-2607 and
58.1-2690, all local taxes on the real estate and tangible personal property of
public service corporations referred to in such sections and other persons with
property assessed pursuant to this chapter shall be at the real estate rate
applicable in the respective locality.

B. Notwithstanding any of the foregoing provisions, all aircraft, automobiles
and trucks of such corporations and other persons shall be taxed at the same
rate or rates applicable to other aircraft, automobiles and trucks in the
respective locality.

C. Notwithstanding any of the foregoing provisions, generating equipment that is
reported to the Commission by electric suppliers shall be taxed at a rate
determined by the locality but shall not exceed the real estate rate applicable
in the respective localities. However, generating equipment that is reported to
the Commission by electric suppliers utilizing wind turbines, for which an
initial interconnection request form has been filed with an electric utility or
a regional transmission organization on or before July 1, 2020, may be taxed by
the locality at a rate that exceeds the real estate rate by up to $0.20 per $100
of assessed value. All other generating equipment that is reported to the
Commission by electric suppliers utilizing wind turbines may be taxed by the
locality at a rate that exceeds the real estate rate but that does not exceed
the general class of personal property tax rate applicable in the respective
localities.

D. Notwithstanding the provisions of any of the foregoing provisions, no
additional tax otherwise authorized under &#xA7; 58.1-3221.3 shall be imposed by
the counties of Isle of Wight, James City, and York and the cities of
Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk,
Virginia Beach, and Williamsburg upon any real or tangible personal property of
a public service corporation or electric supplier unless a final certificate of
occupancy for a commercial or industrial use has been issued and remains in
effect.

HISTORY: Code 1950, §§ 58-514.2, 58-605; 1966, c. 539; 1972, c. 813; 1975, c.
620; 1976, c. 687; 1984, c. 675; 1999, cc. 866, 971; 2004, c. 504; 2006, c. 517;
2008, c. 642; 2020, c. 508.