Notwithstanding the provisions of §§ 58.1-1609 and 58.1-1610, fifty percent of tax collected within any county or city shall be allocated for expenditure within such county or city. Such sums shall be used within such county or city for the same purposes for which the tax was levied. Any sums not so expended within a two-year period shall revert to the "Reforestation of Timberlands State Fund" for expenditure on a statewide basis at the end of each fiscal year.
Code 1950, § 58-838.7:1; 1971, Ex. Sess., c. 179; 1978, c. 72; 1981, c. 372; 1984, cc. 675, 750.
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