58.1-2608 - State taxation of railroads, telecommunications companies. - Virginia Statutes

§ 58.1-2608. State taxation of railroads, telecommunications companies.

Every railway company or telecommunications company as defined in §58.1-400.1 shall pay to the Commonwealth the income tax imposed by Chapter 3of this title.

Nothing herein contained shall exempt such corporations from the intangiblepersonal property tax levied under Chapter 11, the annual fee and the annualstate registration fee on domestic corporations, both levied under §13.1-775.1 or from assessment for street and other local improvements whichshall be authorized by law, or from the county, city, town, or magisterialdistrict levies hereinafter provided for.

(Code 1950, § 58-519; 1964, c. 425; 1971, Ex. Sess., c. 41; 1972, c. 813;1976, c. 777; 1978, c. 784; 1984, c. 675; 1988, c. 899.)