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2007 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 46.2-2062 of the Code of Virginia is amended and reenacted as follows:
§ 46.2-2062. Regulation of taxicab service by localities; rates and charges.
A. The governing body of any county, city or town in the Commonwealth may by ordinance regulate the rates or charges of any motor vehicles used for the transportation of passengers for a consideration on any highway, street, road, lane or alley in such county, city or town, and may prescribe such reasonable regulations as to filing of schedules of rates, charges and the general operation of such vehicles; provided that, notwithstanding anything contained in this chapter to the contrary, such ordinances and regulations shall not prescribe the wages or compensation to be paid to any driver or lessor of any such motor vehicle by the owner or lessee thereof.
B. In considering rates or charges pursuant to this section,
or financial responsibility as provided by this chapter, the governing body
may require any the owner or operator to submit such supporting
financial data as may be necessary, including federal or state income tax
returns for the two years preceding;, provided that such
income tax returns submitted shall be used only for consideration of such rates
or charges and shall be kept confidential by the governing body concerned; and
provided further that the governing body shall not require any owner or
operator to submit any audit more extensive than that conducted by such owner
or operator in the normal course of business. Such financial data shall be
used only for consideration of rates or charges, or to determine financial
responsibility, and shall be kept confidential by the governing body to which
it has been submitted. Nothing in this subsection shall make confidential any
certificate of insurance, bond, letter of credit, or other certification that
the owner or operator has met the requirements of this chapter or of any local
ordinance with regard to financial responsibility.