A. The state tax on the rolling stock of a railroad, a freight car company and a certificated motor vehicle carrier, doing business in this Commonwealth shall be at the rate of $1 on each $100 of the assessed value thereof.
Rolling stock of a railroad or a freight car company shall include all locomotives, of whatever motive power, autocars, cars of every kind and description, and all other equipment determined by the Tax Commissioner to constitute rolling stock.
B. Such tax shall be paid by such company into the state treasury on or before June 1 of each year and shall be distributed in accordance with the provisions of §§ 58.1-2658 and 58.1-2658.1.
Code 1950, §§ 58-515, 58-530, 58-560, 58-622; 1956, c. 69; 1972, c. 813; 1978, c. 784; 1983, c. 570; 1984, c. 675; 1985, c. 557.
Structure Code of Virginia
Chapter 26 - Taxation of Public Service Corporations
§ 58.1-2603. Local levies to be extended by commissioners of the revenue; copies; forms
§ 58.1-2604. Assessed valuation
§ 58.1-2606.1. Local taxation for solar photovoltaic projects five megawatts or less
§ 58.1-2607. Local taxation of real and tangible personal property of railroads
§ 58.1-2608. State taxation of railroads, telecommunications companies
§ 58.1-2610. Penalty for failure to file timely report
§ 58.1-2611. Penalty for failure to pay tax
§ 58.1-2626. Annual state license tax on companies furnishing water, heat, light or power
§ 58.1-2626.1. The Virginia Coal Employment and Production Incentive Tax Credit
§ 58.1-2627.1. Taxation of pipeline companies
§ 58.1-2629. License taxes of corporations commencing business
§ 58.1-2630. Gross receipts in cases of acquisition of business
§ 58.1-2631. Gross receipts in cases of consolidation or merger
§ 58.1-2633. Assessment by Commission
§ 58.1-2634. Copies of assessment forwarded to interested parties
§ 58.1-2635. Date of payment of taxes
§ 58.1-2636. Revenue share for solar energy projects and energy storage systems
§ 58.1-2652. State tax on rolling stock; date of payment
§ 58.1-2653. Annual report of railroads and freight car companies
§ 58.1-2654. Annual report of motor vehicle carriers
§ 58.1-2654.1. Penalty for failure to properly file annual reports
§ 58.1-2655. Assessment by Department and Commission
§ 58.1-2656. Valuation of sidetracks, double tracks, etc.
§ 58.1-2657. Copies of assessments to be furnished to taxpayer and local officials
§ 58.1-2658. Distribution of certain taxes collected; prohibition of certain local taxes
§ 58.1-2658.1. Distribution of certain taxes collected
§ 58.1-2659. Article not applicable to companies exempt by federal laws
§ 58.1-2660. Special revenue tax; levy
§ 58.1-2662. Computation of revenue tax on railroads
§ 58.1-2662.1. Gross receipts of telephone and telegraph companies
§ 58.1-2662.2. Gross receipts of companies furnishing water, heat, light or power
§ 58.1-2663. How taxes assessed, collected and paid
§ 58.1-2664. When taxes not to be assessed or assessed only in part
§ 58.1-2665. Use of taxes collected under this article
§ 58.1-2670. Application to Commission or Department for review
§ 58.1-2670.1. Application to court to correct erroneous local assessment ratio
§ 58.1-2671. Setting for hearing and notice to adverse parties
§ 58.1-2672. Review on motion of Commission
§ 58.1-2673. Correction after hearing or investigation; proceedings for enforcement
§ 58.1-2674. Notice to Commonwealth
§ 58.1-2674.1. Application for correction of certification to Department of Taxation
§ 58.1-2675. Appeals to Supreme Court
§ 58.1-2676. Action of Supreme Court thereon
§ 58.1-2680. Reports to include location by districts, etc.
§ 58.1-2681. Copies of assessment for local officials; contents
§ 58.1-2682. District boundaries to be furnished company and Commission