60.2-527 - Tax rate of certain foreign contractors. - Virginia Statutes

§ 60.2-527. Tax rate of certain foreign contractors.

A. For each calendar year, the tax rate of each foreign contractor doingbusiness in Virginia shall be the maximum rate allowable by law for threeyears. At the end of the three-year period, such employer shall be eligiblefor the computed rate as provided in § 60.2-530.

B. As used in this section, "foreign contractor" means (i) an out-of-state"contractor" as defined in § 54.1-1100 or (ii) an out-of-state "highwaycontractor" engaged in the type of contracting activities referred to in §33.1-337, who does not maintain a principal place of business in Virginia asdetermined by the Commission, except that such employer need not be a memberof any highway contractors association. Such determination by the Commissionshall be final and not subject to judicial review.

(1982, c. 200, § 60.1-79.1; 1984, c. 468; 1986, c. 480.)