Beginning July 1, 2010, and ending July 1, 2026, an excise tax shall be levied at a rate of $0.25 per 100 pounds on all peanuts grown in and sold in the Commonwealth for processing. Peanuts shall not be subject to the tax after the tax has been paid once.
Code 1950, § 3-525.11; 1964, c. 609; 1966, c. 702, § 3.1-657; 1973, c. 200; 1983, c. 177; 1995, c. 160; 2008, c. 860; 2010, cc. 7, 37; 2013, cc. 6, 40; 2016, cc. 5, 165; 2021, Sp. Sess. I, cc. 120, 121.
Structure Code of Virginia
Title 3.2 - Agriculture, Animal Care, and Food
§ 3.2-1901. Peanut Board; composition and appointment of members
§ 3.2-1904. Powers and duties of Peanut Board
§ 3.2-1905. Levy of excise tax
§ 3.2-1906. Peanut Fund established
§ 3.2-1907. Collection and disposition of tax; reports
§ 3.2-1908. Record to be kept by processor