A. The Board may correct erroneous assessments made by it against any personand make refunds of any amounts collected pursuant to erroneous assessments,or collected as taxes on licenses, which are subsequently refused orapplication therefor withdrawn, and to allow credit for any license taxespaid by any licensee for any license which is subsequently merged or changedinto another license during the same license year. No refund shall be made ofany such amount, however, unless made within three years from the date ofcollection of the same.
B. In any case where a licensee has changed its name or form of organizationduring a license year without any change being made in its ownership, andbecause of such change is required to pay an additional license tax for suchyear, the Board shall refund to such licensee the amount of such tax so paidin excess of the required license tax for such year.
C. Any amount required to be refunded under this section shall be paid by theState Treasurer out of moneys appropriated to the Board, and in the mannerprescribed in § 4.1-116.
(Code 1950, §§ 4-33, 4-35; 1952, c. 535; 1960, c. 476; 1970, c. 627; 1972, c.717; 1974, c. 267; 1976, c. 496; 1978, c. 190; 1980, cc. 524, 526; 1982, cc.66, 527; 1984, cc. 180, 559; 1986, c. 190; 1990, cc. 300, 390, 707; 1991, c.425; 1992, c. 350; 1993, c. 866.)
A. The Board may correct erroneous assessments made by it against any personand make refunds of any amounts collected pursuant to erroneous assessments,or collected as taxes on licenses, which are subsequently refused orapplication therefor withdrawn, and to allow credit for any license taxespaid by any licensee for any license which is subsequently merged or changedinto another license during the same license year. No refund shall be made ofany such amount, however, unless made within three years from the date ofcollection of the same.
B. In any case where a licensee has changed its name or form of organizationduring a license year without any change being made in its ownership, andbecause of such change is required to pay an additional license tax for suchyear, the Board shall refund to such licensee the amount of such tax so paidin excess of the required license tax for such year.
C. Any amount required to be refunded under this section shall be paid by theState Treasurer out of moneys appropriated to the Board, and in the mannerprescribed in § 4.1-116.
(Code 1950, §§ 4-33, 4-35; 1952, c. 535; 1960, c. 476; 1970, c. 627; 1972, c.717; 1974, c. 267; 1976, c. 496; 1978, c. 190; 1980, cc. 524, 526; 1982, cc.66, 527; 1984, cc. 180, 559; 1986, c. 190; 1990, cc. 300, 390, 707; 1991, c.425; 1992, c. 350; 1993, c. 866.)
A. The Board may correct erroneous assessments made by it against any personand make refunds of any amounts collected pursuant to erroneous assessments,or collected as taxes on licenses, which are subsequently refused orapplication therefor withdrawn, and to allow credit for any license taxespaid by any licensee for any license which is subsequently merged or changedinto another license during the same license year. No refund shall be made ofany such amount, however, unless made within three years from the date ofcollection of the same.
B. In any case where a licensee has changed its name or form of organizationduring a license year without any change being made in its ownership, andbecause of such change is required to pay an additional license tax for suchyear, the Board shall refund to such licensee the amount of such tax so paidin excess of the required license tax for such year.
C. Any amount required to be refunded under this section shall be paid by theState Treasurer out of moneys appropriated to the Board, and in the mannerprescribed in § 4.1-116.
(Code 1950, §§ 4-33, 4-35; 1952, c. 535; 1960, c. 476; 1970, c. 627; 1972, c.717; 1974, c. 267; 1976, c. 496; 1978, c. 190; 1980, cc. 524, 526; 1982, cc.66, 527; 1984, cc. 180, 559; 1986, c. 190; 1990, cc. 300, 390, 707; 1991, c.425; 1992, c. 350; 1993, c. 866.)
