58.1-3710 - Proration of license taxes. - Virginia Statutes

§ 58.1-3710. Proration of license taxes.

Notwithstanding any other provision of law, general or special, andregardless of the basis or method of measurement or computation, no county,city or town shall impose a license tax based on gross receipts on abusiness, trade, profession, occupation or calling, or upon a person, firm orcorporation for any fraction of a year during which such person, firm orcorporation has permanently ceased to engage in such business, trade,profession, occupation or calling within the county, city or town. In theevent a person, firm or corporation ceases to engage in a business, trade,profession or calling within a county, city or town during a year for which alicense tax based on gross receipts has already been paid, the taxpayer shallbe entitled upon application to a refund for that portion of the license taxalready paid, prorated on a monthly basis so as to ensure that the licensedprivilege is taxed only for that fraction of the year during which it isexercised within the county, city or town. The county, city or town may electto remit any refunds in the ensuing fiscal year, and may offset against suchrefund any amount of past-due taxes owed by the same taxpayer. In no eventshall a county, city or town be required to refund any part of a flat fee orminimum flat tax.

(Code 1950, § 58-266.5:1; 1983, c. 252; 1984, cc. 327, 675.)