                                 CODE OF VIRGINIA

STATE TAXATION OF RAILROADS, TELECOMMUNICATIONS COMPANIES (§ 58.1-2608)

Every railway company or telecommunications company as defined in § 58.1-400.1
shall pay to the Commonwealth the income tax imposed by Chapter 3 of this title.
		Nothing herein contained shall exempt such corporations from the intangible
personal property tax levied under Chapter 11, the annual fee and the annual
state registration fee on domestic corporations, both levied under § 13.1-775.1
or from assessment for street and other local improvements which shall be
authorized by law, or from the county, city, town, or magisterial district
levies hereinafter provided for.

HISTORY: Code 1950, § 58-519; 1964, c. 425; 1971, Ex. Sess., c. 41; 1972, c.
813; 1976, c. 777; 1978, c. 784; 1984, c. 675; 1988, c. 899.