§ 58.1-2606. Local taxation of real and tangible personal property of publicservice corporations; other persons.
A. Notwithstanding the provisions of this section and §§ 58.1-2607 and58.1-2690, all local taxes on the real estate and tangible personal propertyof public service corporations referred to in such sections and other personswith property assessed pursuant to this chapter shall be at the real estaterate applicable in the respective locality.
B. Notwithstanding any of the foregoing provisions, all aircraft, automobilesand trucks of such corporations and other persons shall be taxed at the samerate or rates applicable to other aircraft, automobiles and trucks in therespective locality.
C. Notwithstanding any of the foregoing provisions, generating equipment thatis reported to the Commission by electric suppliers shall be taxed at a ratedetermined by the locality but shall not exceed the real estate rateapplicable in the respective localities. However, generating equipment thatis reported to the Commission by electric suppliers utilizing wind turbinesmay be taxed by the locality at a rate that exceeds the real estate rate, butthat does not exceed the general class of personal property tax rateapplicable in the respective localities.
D. Notwithstanding the provisions of any of the foregoing provisions, noadditional tax otherwise authorized under § 58.1-3221.3 shall be imposed bythe counties of Isle of Wight, James City, and York and the cities ofChesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk,Virginia Beach, and Williamsburg upon any real or tangible personal propertyof a public service corporation or electric supplier unless a finalcertificate of occupancy for a commercial or industrial use has been issuedand remains in effect.
(Code 1950, §§ 58-514.2, 58-605; 1966, c. 539; 1972, c. 813; 1975, c. 620;1976, c. 687; 1984, c. 675; 1999, cc. 866, 971; 2004, c. 504; 2006, c. 517;2008, c. 642.)
§ 58.1-2606. Local taxation of real and tangible personal property of publicservice corporations; other persons.
A. Notwithstanding the provisions of this section and §§ 58.1-2607 and58.1-2690, all local taxes on the real estate and tangible personal propertyof public service corporations referred to in such sections and other personswith property assessed pursuant to this chapter shall be at the real estaterate applicable in the respective locality.
B. Notwithstanding any of the foregoing provisions, all aircraft, automobilesand trucks of such corporations and other persons shall be taxed at the samerate or rates applicable to other aircraft, automobiles and trucks in therespective locality.
C. Notwithstanding any of the foregoing provisions, generating equipment thatis reported to the Commission by electric suppliers shall be taxed at a ratedetermined by the locality but shall not exceed the real estate rateapplicable in the respective localities. However, generating equipment thatis reported to the Commission by electric suppliers utilizing wind turbinesmay be taxed by the locality at a rate that exceeds the real estate rate, butthat does not exceed the general class of personal property tax rateapplicable in the respective localities.
D. Notwithstanding the provisions of any of the foregoing provisions, noadditional tax otherwise authorized under § 58.1-3221.3 shall be imposed bythe counties of Isle of Wight, James City, and York and the cities ofChesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk,Virginia Beach, and Williamsburg upon any real or tangible personal propertyof a public service corporation or electric supplier unless a finalcertificate of occupancy for a commercial or industrial use has been issuedand remains in effect.
(Code 1950, §§ 58-514.2, 58-605; 1966, c. 539; 1972, c. 813; 1975, c. 620;1976, c. 687; 1984, c. 675; 1999, cc. 866, 971; 2004, c. 504; 2006, c. 517;2008, c. 642.)
§ 58.1-2606. Local taxation of real and tangible personal property of publicservice corporations; other persons.
A. Notwithstanding the provisions of this section and §§ 58.1-2607 and58.1-2690, all local taxes on the real estate and tangible personal propertyof public service corporations referred to in such sections and other personswith property assessed pursuant to this chapter shall be at the real estaterate applicable in the respective locality.
B. Notwithstanding any of the foregoing provisions, all aircraft, automobilesand trucks of such corporations and other persons shall be taxed at the samerate or rates applicable to other aircraft, automobiles and trucks in therespective locality.
C. Notwithstanding any of the foregoing provisions, generating equipment thatis reported to the Commission by electric suppliers shall be taxed at a ratedetermined by the locality but shall not exceed the real estate rateapplicable in the respective localities. However, generating equipment thatis reported to the Commission by electric suppliers utilizing wind turbinesmay be taxed by the locality at a rate that exceeds the real estate rate, butthat does not exceed the general class of personal property tax rateapplicable in the respective localities.
D. Notwithstanding the provisions of any of the foregoing provisions, noadditional tax otherwise authorized under § 58.1-3221.3 shall be imposed bythe counties of Isle of Wight, James City, and York and the cities ofChesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk,Virginia Beach, and Williamsburg upon any real or tangible personal propertyof a public service corporation or electric supplier unless a finalcertificate of occupancy for a commercial or industrial use has been issuedand remains in effect.
(Code 1950, §§ 58-514.2, 58-605; 1966, c. 539; 1972, c. 813; 1975, c. 620;1976, c. 687; 1984, c. 675; 1999, cc. 866, 971; 2004, c. 504; 2006, c. 517;2008, c. 642.)
