                                 CODE OF VIRGINIA

ASSESSMENT BY COMMISSION (§ 58.1-2633)

A. The Commission shall assess the value of the reported property subject to
local taxation of each telegraph, telephone, water, heat, light and power
company and electric supplier, except a pipeline transmission company taxed
pursuant to &#xA7; 58.1-2627.1, and shall assess the license tax levied hereon
if such company is subject to the license tax under this article.

B. Should any such person fail to make the reports required by this article on
or before April 15 of each year, the Commission shall assess the value of the
property of such person, and its gross receipts upon the best and most reliable
information that can be obtained by the Commission.

C. In making such assessment, the Commission may require such person or its
officers and employees to appear with such documents and papers as the
Commission deems necessary.

HISTORY: Code 1950, §§ 58-582, 58-610; 1956, c. 69; 1968, c. 637; 1972, c.
813; 1984, c. 675; 1988, c. 899; 1999, c. 971.