                                 CODE OF VIRGINIA

EXCEPTIONS (§ 58.1-2661)

The amount of the regulatory revenue tax levied pursuant to § 58.1-2660 on
railroads shall not exceed an estimate of the expenses to be incurred by the
Commission and the Department reasonably attributable to the regulation and
assessment for taxation of railroads, including a reasonable margin in the
nature of a reserve fund.

HISTORY: Code 1950, § 58-664; 1970, c. 773; 1979, c. 443; 1980, c. 282; 1982,
c. 62; 1983, c. 547; 1984, c. 675.