Chap. 85.—An ACT to segregate, for the purposes of taxation, pursuant to
section 169 of the Constitution of Virginia, the several kinds and classes
of property so as to specify and determine upon what subjects State taxes,
and upon what subjects local taxes may be levied, and to provide for the
continuance for the year 1915, and until otherwise provided by law, of
the present State school tax of ten cents on every one hundred dollars
of the assessed value of real estate and tangible personal property; and
to repeal an act entitled an act to segregate for the purposes of taxation,
pursuant to section 169 of the Constitution of Virginia, the several kinds
and classes of property so as to specify and determine upon what subjects
State taxes, and upon what subjects local taxes may be levied, and to
provide for the continuance for the year 1915, of the present State school
tax of ten cents on every one hundred dollars of the assessed value of
real estate and tangible personal property, approved February 16, 1915. 3

(H. B. 103)

Approved March 15, 1915.

Whereas, in the judgment of this general assembly the interests of the
Commonwealth will be promoted by putting into operation at the earliest
date practicable a plan of complete segregation of the subjects of taxation
so as to specify and determine upon what subjects State taxes, and upon
what subjects local taxes may be levied; and

Whereas, it is now impossible, in view of the re-assessment of real
estate to be made this year in pursuance of constitutional provision, to
make an accurate estimate of the probable revenues hereafter to be de-
rived by the cities and counties from real estate, and it is likewise im-
possible at this time to make an accurate estimate of the amount to be
derived by the State from taxable intangible personal property under the
plan of complete segregation contemplated as an ultimate result of this
act; and

Whereas, the next general assembly, under the temporary plan of
partial segregation herein provided for, and after the re-assessment of
real estate to be made this year under the provisions of the Constitution,
will be able to determine with accuracy how complete segregation may be
accomplished, without embarrassment incident to uncertainity of State
and local revenues; and

Whereas, in the opinion of this general assembly it is expedient to
continue until the next session of the general assembly the present levy
of State taxes for school purposes, in order to provide against any tempo-
rary loss in the State’s revenue incident to the readjustment of
its tax system.

Now, therefore ;

1. Be it enacted by the general assembly of Virginia, pursuant to the
provisions of section one hundred and sixty-nine of the Constitution of
Virginia, all taxable real estate and all taxable tangible personal property
as enumerated in section six in schedule “B” of an act entitled an act
to raise revenue for the support of the government and public free schools,
to pay the interest on the public debt, and to provide a special tax for
pensions, as authorized by section one hundred and eighty-nine of the
Constitution, approved April sixteenth, nineteen hundred and three, also
the tangible personal property of public service corporations (except roll-
ing stock of corporations operating railroads by steam) be, and the same
are hereby, segregated and made subject to local taxation only; provided,
however, that there shall be continued for the year nineteen hundred and
fifteen and until otherwise changed by law, the present State school tax
of ten cents on every one hundred dollars of the assessed value of said
real estate and tangible personal property, which tax shall be applied to
the support of the public free schools for the equal benefit of all of the
people of the State and to be apportioned on a basis of schoo! population ;
and pursuant to the said provisions of the Constitution all insurance
taxes and licenses on insurance companies and all taxable intangible per-
sonal property, rolling stock of all corporations operating railroads by
steam, and all other classes of property not hereinbefore specifically enu-
merated in this act, be and the same are hereby segregated and made sub-
ject to State taxation only; provided that nothing herein contained shall
prevent any city from levying a tax upon said segregated intangible per-
sonal property assessed to the residents therein at a rate not to exceed
thirty cents upon the one hundred dollars of assessed valuation thereof ;
nor to prevent the boards of. supervisors of any county from levying a
district road tax on all said segtegated intangible personal property
assessed to the residents in the magisterial district proposed to be taxed
for district purposes to be used exclusively for the construction and re-
pair of roads located within the magisterial district in which said levv is
laid at a rate not to exceed thirty cents on the one hundred dollars of
assessed valuation thereof (but this clause shall not be construed to
authorize the board of supervisors of any county to levy such tax against
the residents of an incorporated town which maintains its own roads,
which town is located within such magisterial district), nor to prevent
any incorporated town in this State which is exempt by statute or by the
express provisions of its charter from the payment of district road taxes,
or which maintains its own roads free of expense to the magisterial dis-
trict in which it is located from levying and collecting a tax on all said
segregated intangible personal property assessed to residents therein at a
rate not to exceed thirty cents on the hundred dollars of assessed valua-
tion thereof; except that the capital of merchants shall not be subject to
State taxation, but may be taxed locally as prescribed by law; and the
shares of stock of banks, banking associations, and other institutions
enumerated in section seventeen in schedule “D” of the act aforesaid,
which shares of stock shall be taxed as provided by law.

2. The value of all of the real and personal properties mentioned in
this act shall be ascertained and determined, and the taxes, local and
State, shall be extended on the values thereof in the manner prescribed
by law.

2-a. On the real estate and personal property or other taxes assessed
or extended for local purposes, and heretofore assessed for State pur-
poses, the commissioners of the revenue shall be paid by the cities, coun-
ties or towns not less than the commissions now allowed by law for the
assessment of State taxes.

2-b. On the real estate, personal property, public service corporations
or other taxes heretofore received by the State but hereafter to be collected
for local purposes, the treasurers of cities, counties and towns shall be
paid by the cities, counties and towns the same commissions as now
allowed by law for the collection of State revenue.

3. The provisions of this act shall apply to the assessment and
collection of State taxes and local levies for the year nineteen hundred
and fifteen, and thereafter until otherwise provided by law.

4. Be it further enacted by the general assembly of Virginia, That an
act entitled an act to segregate, for the purposes of taxation, pursuant to
section one hundred and sixty-nine of the Constitution of Virginia, the
several kinds and classes of property so as to specify and determine upon
what subjects State taxes and upon what subjects local taxes may be
levied, and to provide for the continuance for the year nineteen hundred
and fifteen, of the present State school tax of ten cents on every one
hundred dollars of the assessed value of real estate and tangible persona!
property, approved February sixteenth, nineteen hundred and fifteen, be
and the same is hereby repealed.

5. All acts or parts of acts inconsistent with this act are hereby
repealed. 7

6. The collection of the public revenue being affected, an emergency

is hereby declared to exist, and this act shall be in force from its passage.