Chap. 9.—An ACT to prescribe the tax rate upon real and tangible personal
property, for State purposes.

Approved January 31, 1908.

1. Be it enacted by the general assembly of Virginia, That on all
lands and improvements thereon, and on all tangible personal property,
not exempt from taxation under the Constitution of the Commonwealth,
the rate of State taxation for the year beginning February first, nineteen
hundred and eight, and each year thereafter, shall be twenty cents on
every hundred dollars of the assessed value thereof, the proceeds of which
shall be applied to the expenses of the government and the indebtedness
of the State, and a further tax of ten cents on every hundred dollars of
the assessed value thereof, which shall be applied to the support of the
public free schools of the State, and a further tax of five cents on every
one hundred dollars of the assessed value thereof, to be applied to the
payment of pensions.

2. It being important that the tax rate upon such property shall be
prescribed as soon as practicable, an emergency is declared to exist for
the immediate passage of this act, and the act shall be in force from its
passage.