Notwithstanding any other provision of law, the incorporated towns and city situated within the bounds of Wise County shall receive from the county 20 percent of all revenues collected under the local coal road improvement severance license tax imposed under the authority of subsection B of § 58.1-3741. The shares of such 20 percent shall be computed as follows: 25 percent shall be divided among the incorporated towns and the city based on the number of registered motor vehicles in each town and the city, and 75 percent shall be divided equally among the incorporated towns and city. Such funds shall be distributed to the treasurer of such towns and city on a quarterly basis as received by the county.
2013, cc. 305, 618.
Structure Code of Virginia
Chapter 37.1 - Local Coal Severance License Taxes
§ 58.1-3741. Counties and cities authorized to levy severance license tax on the sale of coal
§ 58.1-3742. Distribution of local coal road improvement severance tax
§ 58.1-3743. Severance license taxes to be paid to jurisdiction in which coal is severed
§ 58.1-3744. Uniform ordinance provisions
§ 58.1-3745. Lien on real estate and personal property of businesses severing coal