CHAPTER 15

An Act to amend and reenact § 76 of Chapter 486 of the Acts of
Assembly of 1926, approved March 25, 1926, which provided a
charter for the town of Waverly, the section relating to the tmpost-
tion of certatn taxes. [H 15]

Approved February 17, 1966

Be it enacted by the General Assembly of Virginia:

l. That § 76 of Chapter 486 of the Acts of Assembly of 1926, approved
March 25, 1926, be amended and reenacted as follows:

§ 76. For the execution of its powers and duties the council may
tax al] real and personal property in the town not exempt by law from
taxation; not to exceed one dollar and fifty cents per hundred dollars
assessed value; all corporations located in the town or having their
principal office therein and not exempt by law from taxation; all credits
due to any person living in the town; all capital of persons having a
place of business in the town and doing business therein and employed
in the said business, though the said business may extend beyond
the town, provided that so much of said capital as is invested in real
estate or employed in the manufacture of articles outside the town
limits shall not be taxed as capital; and all stocks in incorporated joint
stock companies, doing business in the town and by whomsoever owned
and not exempt by law from taxation. Assessment upon stock and
bonds shall be according to the market value thereof. Nothing in this
act shall be construed as conflicting with the general laws of the State
providing for the segregation or partial segregation of the subjects of
taxation.

The councu shall have the power to levy and collect public utility
service or consumer taxes on gas, electric, telephone, water and sewer
serrices, or any of them, from the occupant or lessee of any premises,

by such person and furnished at such premises for the use
end benefit of such occupant or lessee. The term premises shall anclude
those title to which is held (a) by a person whose property is exempt
under § 58-12 of the Code of Virginia, as amended, or (b) by a person
who w not subject to a license tax on persons engaging in the rental of
properties owned by them by virtue of '; 58-500 of the Code of Virgwnia.
2 An emergency exists and this act is in force from its passage.
Chapter 15
PURCHASES AND SUPPLY
ARTICLE 1
General Provisions
$§ 2.1-285 to 2.1-243
ARTICLE 2
Printing, Distribution and Sale
$§ 2.1-244 to 2.1-272
ARTICLE 8
Centralized Purchasing
§§ 2.1-278 to 2.1-294