A. In addition to any other taxes upon the subjects of taxation listedherein, there is hereby levied, subject to the provisions of § 58.1-2664, aspecial regulatory revenue tax equal to two-tenths of one percent of thegross receipts such person receives from business done within theCommonwealth upon:
1. Corporations furnishing water, heat, light or power, by means of gas orsteam, except for electric suppliers, gas utilities, and gas suppliers asdefined in § 58.1-400.2 and pipeline distribution companies as defined in §58.1-2600;
2. Telegraph companies owning and operating a telegraph line apparatusnecessary to communicate by telecommunications in the Commonwealth;
3. Telephone companies whose gross receipts from business done within theCommonwealth exceed $50,000 or a company, the majority of stock or otherproperty of which is owned or controlled by another telephone company, whosegross receipts exceed the amount set forth herein;
4. The Virginia Pilots' Association;
5. Railroads, except those exempt by virtue of federal law from the paymentof state taxes, subject to the provisions of § 58.1-2661;
6. Common carriers of passengers by motor vehicle, except urban and suburbanbus lines, a majority of whose passengers use the buses for traveling a dailydistance of not more than 40 miles measured one way between their place ofwork, school or recreation and their place of abode; and
7. Any county, city or town that obtains a certificate pursuant to §56-265.4:4.
B. Notwithstanding the rate specified in subsection A, the maximum rate ofthe special regulatory revenue tax shall be increased above such specifiedrate to the extent necessary to permit the Commission to recover theadditional costs incurred by the Commission in implementing subdivision B 4of § 56-265.4:4 that cannot be recovered through the specified rate.
(Code 1950, §§ 58-660 through 58-667; 1958, c. 157; 1970, c. 773; 1979, c.443; 1980, c. 282; 1982, c. 62; 1983, c. 547; 1984, c. 675; 1988, c. 899;1990, c. 146; 1996, c. 381; 1999, c. 971; 2000, cc. 691, 706; 2002, cc. 479,489; 2003, c. 720.)
A. In addition to any other taxes upon the subjects of taxation listedherein, there is hereby levied, subject to the provisions of § 58.1-2664, aspecial regulatory revenue tax equal to two-tenths of one percent of thegross receipts such person receives from business done within theCommonwealth upon:
1. Corporations furnishing water, heat, light or power, by means of gas orsteam, except for electric suppliers, gas utilities, and gas suppliers asdefined in § 58.1-400.2 and pipeline distribution companies as defined in §58.1-2600;
2. Telegraph companies owning and operating a telegraph line apparatusnecessary to communicate by telecommunications in the Commonwealth;
3. Telephone companies whose gross receipts from business done within theCommonwealth exceed $50,000 or a company, the majority of stock or otherproperty of which is owned or controlled by another telephone company, whosegross receipts exceed the amount set forth herein;
4. The Virginia Pilots' Association;
5. Railroads, except those exempt by virtue of federal law from the paymentof state taxes, subject to the provisions of § 58.1-2661;
6. Common carriers of passengers by motor vehicle, except urban and suburbanbus lines, a majority of whose passengers use the buses for traveling a dailydistance of not more than 40 miles measured one way between their place ofwork, school or recreation and their place of abode; and
7. Any county, city or town that obtains a certificate pursuant to §56-265.4:4.
B. Notwithstanding the rate specified in subsection A, the maximum rate ofthe special regulatory revenue tax shall be increased above such specifiedrate to the extent necessary to permit the Commission to recover theadditional costs incurred by the Commission in implementing subdivision B 4of § 56-265.4:4 that cannot be recovered through the specified rate.
(Code 1950, §§ 58-660 through 58-667; 1958, c. 157; 1970, c. 773; 1979, c.443; 1980, c. 282; 1982, c. 62; 1983, c. 547; 1984, c. 675; 1988, c. 899;1990, c. 146; 1996, c. 381; 1999, c. 971; 2000, cc. 691, 706; 2002, cc. 479,489; 2003, c. 720.)
A. In addition to any other taxes upon the subjects of taxation listedherein, there is hereby levied, subject to the provisions of § 58.1-2664, aspecial regulatory revenue tax equal to two-tenths of one percent of thegross receipts such person receives from business done within theCommonwealth upon:
1. Corporations furnishing water, heat, light or power, by means of gas orsteam, except for electric suppliers, gas utilities, and gas suppliers asdefined in § 58.1-400.2 and pipeline distribution companies as defined in §58.1-2600;
2. Telegraph companies owning and operating a telegraph line apparatusnecessary to communicate by telecommunications in the Commonwealth;
3. Telephone companies whose gross receipts from business done within theCommonwealth exceed $50,000 or a company, the majority of stock or otherproperty of which is owned or controlled by another telephone company, whosegross receipts exceed the amount set forth herein;
4. The Virginia Pilots' Association;
5. Railroads, except those exempt by virtue of federal law from the paymentof state taxes, subject to the provisions of § 58.1-2661;
6. Common carriers of passengers by motor vehicle, except urban and suburbanbus lines, a majority of whose passengers use the buses for traveling a dailydistance of not more than 40 miles measured one way between their place ofwork, school or recreation and their place of abode; and
7. Any county, city or town that obtains a certificate pursuant to §56-265.4:4.
B. Notwithstanding the rate specified in subsection A, the maximum rate ofthe special regulatory revenue tax shall be increased above such specifiedrate to the extent necessary to permit the Commission to recover theadditional costs incurred by the Commission in implementing subdivision B 4of § 56-265.4:4 that cannot be recovered through the specified rate.
(Code 1950, §§ 58-660 through 58-667; 1958, c. 157; 1970, c. 773; 1979, c.443; 1980, c. 282; 1982, c. 62; 1983, c. 547; 1984, c. 675; 1988, c. 899;1990, c. 146; 1996, c. 381; 1999, c. 971; 2000, cc. 691, 706; 2002, cc. 479,489; 2003, c. 720.)
