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1996 SESSION

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SB 629 Taxation of certificated motor vehicle carrier.

Introduced by: Charles L. Waddell | all patrons    ...    notes | add to my profiles

SUMMARY:

Rolling stock tax and special regulatory revenue tax on common carriers by motor vehicle. Clarifies that the State Corporation Commission will no longer assess the rolling stock tax on common carriers of property by motor vehicle. The SCC will continue to collect the rolling stock tax on common carriers of passengers by motor vehicle operating over regular routes under a certificate of public convenience and necessity. Such carriers holding a certificate of public convenience and necessity issued by the Department of Motor Vehicles on or after July 1, 1995, will be subject to the rolling stock tax. The measure also exempts common carriers of property by motor vehicle from the special regulatory revenue tax administered by the SCC. The bill has an emergency clause and will be effective retroactive to January 1, 1996.


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