Manufacturers taxed pursuant to the provisions of § 58.1-1605 shall not in any one calendar year of a biennium be liable for a tax under this chapter in excess of sixty dollars when the amount of rough lumber manufactured is 500,000 board feet or less, or in excess of thirty dollars when the amount of rough lumber manufactured is 300,000 board feet or less. Any tax collected in excess of such amounts shall be promptly refunded by the Tax Commissioner to the taxpayer who has paid such excess.
Code 1950, § 58-838.8; 1956, c. 61; 1970, c. 770; 1972, c. 316; 1983, c. 109; 1984, c. 675.
Structure Code of Virginia
Chapter 16 - Forest Products Tax
§ 58.1-1602. Levy of tax for forest conservation
§ 58.1-1605. Alternative for rates
§ 58.1-1606. Optional rates for certain manufacturers and severers
§ 58.1-1607. Limitation on tax for certain manufacturers taxable under § 58.1-1605
§ 58.1-1609. Payment, collection, and disposition of tax
§ 58.1-1610. Alternative payment, collection and disposition of tax
§ 58.1-1611. Allocation of tax to localities
§ 58.1-1612. Returns to be filed by manufacturer and severers; time of payment of tax
§ 58.1-1615. When Department may make return for delinquent taxpayer; penalty
§ 58.1-1616. Absconding taxpayer
§ 58.1-1617. Records to be kept
§ 58.1-1618. Penalty for failure to make return, keep records, or permit examination of records
§ 58.1-1619. Penalty and interest for failure to pay tax when due
§ 58.1-1620. Refunds and deficiency payments; penalty for deficiency
§ 58.1-1621. Proceedings in case of previous incorrect payments