CHAPTER 277

An Act to amend and reenact §§ 58-963 and 58-964 of the Code of Vir-
ginia, relating to penalties for failure to pay certain taxes and levies
and interest on, and collection of taxes not paid when due.
Be it enacted by the General Assembly of Virginia:

1. That §§ 58-963 and 58-964 of the Code of Virginia be amended and
reenacted as follows:

§ 58-963. Any person failing to pay any State taxes or county and
city levies on or before the fifth day of December shall incur a penalty
thereon of five per centum, which shall be added to the amount of taxes
or levies due from such taxpayer, which, when collected by the treasurer,
shall be accounted for in his settlements, provided, that any person other
than a public service corporation owning taxable real property in any
county having a density of population in excess of two thousand inhab-
itants per square mile, according to the last preceding United States
census, shall pay, on or before August fifteenth of each year, the taxes
assessed against such real property for that year, and upon failure so to
do shall incur a penalty as hereinabove provided.

§ 58-964. Interest at the rate of six per centum per annum from
the thirtieth day of June of the year next following the assessment year,
and from February fifteenth of the year next following the assessment
year in the case of taxes required by § 58-968 to be paid by August fifteenth
of the assessment year, shall be collected upon the principal and penalties
of all such taxes and levies then remaining unpaid, which penalty and
interest shall be collected and accounted for by the officers charged with
the duty of collecting such taxes or levies, along with the principal sum
thereof. But this section shall not apply to local levies in any city or
town when penalty or interest on such levies is regulated by its charter
or by other special provisions of law.

2. An emergency exists and this act is in force from its passage.