Chap. 80.—An ACT to amend and re-enact an act entitled an act to provide
for the segregation of the tax upon the rolling stock of corporations
operating railroads by steam, to make such rolling stock liable to taxa-
tion by the State alone, to fix the rate of such taxation, and to provide
for the assessment of said rolling stock, approved February 16, a. 101)

(S. B.
Approved March 13, 1915.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to provide for the segregation of the tax upon the rolling
stock of corporations operating railroads by steam, to make such rolling
stock liable to taxation by the State alone, to fix the rate of such taxation,
and to provide for the assessment of said rolling stock, approved February
the sixteenth, nineteen hundred and fifteen, be amended and re-enacted
so as to read as follows:

Section 1. That the rolling stock of all corporations operating rail-
roads by steam and doing business in the State of Virginia, so far as the
same is taxable in this State, be, and the same is, hereby segregated and
made subject to taxation by the State of Virginia only, and shall not be
subject to taxation by any of the cities, towns, counties, districts or other
local subdivisions of this State.

Section 2. That the value of said rolling stock shall be assessed annu-
ally by the State corporation commission.

Section 3. That the total annual rate for such segregated rolling
stock shall be one and three-fifths per cent of the assessed value thereof,
to be applied to the support of the government of this State.

Section 4. That the several corporations aforesaid, operating rail-
roads by steam, shall pay over to the treasurer of Virginia the taxes due
under the assessment of rolling stock aforesaid at the same time and in
the same manner as taxes levied on the other properties of paeh cor-
porations for State purposes are required to be paid.