Chap. 283.—An ACT to amend Chapter 3 of the Acts of Assembly, Extra Session,
1933, known as the 3.2 Beverage Act, approved August 29, 1933, by adding
thereto a new section to be numbered 11-1, in relation to excise taxes. [S B 241]

Approved March 20, 1942

1. Be it enacted by the General Assembly of Virginia, That chap-
ter three of the Acts of Assembly, extra session, nineteen hundred and
thirty-three, known as the three and two-tenths Beverage Act, approved
August twenty-ninth, nineteen hundred and thirty-three, be amended by
adding thereto a new section, numbered eleven-one, which new section
shall read as follows:

Section 11-1. Allowance for Losses——A discount of one per
centum is hereby allowed on the issuance of crown and lid tax certificates
by the State Tax Commissioner, which discount shall be deemed to be an
allowance for all losses of tax-paid crowns and lids so far as the Virginia
tax value thereof is concerned, which discount of one per centum shall
be computed on the Virginia tax value of all crowns and lids covered by
tax certificates issued by the State Tax Commissioner under this act and
shall be deducted by the State Tax Commissioner from the face tax value
of such crowns and lids in computing the net charge on the issuance of
such crown and lid tax certificates. N othing contained in this section shall
be construed as affecting in any way any contract of insurance entered into
by and between any manufacturer, bottler, wholesaler or retailer of
beverages, or any other person and any insurer.

This section shall be in force on and after July first, nineteen hun-
dred and forty-two.