CHAP. 43.—An ACT to amend and re-enact sections 11 and 29% of an act
entitled an act to raise revenue for the support of the government and
public free schools, and to pay the interest on the public debt and to
provide a special tax for pensions as authorized by section 189 of the
Constitution, approved April 16, and acts amendatory thereof. [S B 75]

Approved September 5, 1919.

Be it enacted by the general assembly of Virginia, That sec-
tions eleven and twenty-nine and one-half of an act entitled “an
act to raise revenue for the support of the government and pub-
lic free schools, and to pay the mterest 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, and acts amendatory
thereof, be amended and re-enacted so as to read as follows: |
Sec. 11. On income, as defined in this schedule, the tax
shall be one per centum on the amount of taxable income up to
three thousand dollars, and two per centum on the amount of
taxable income in excess of three thousand dollars, and no city,
town or county shall levy or assess any tax on income for muni-
cipal or county purposes, and any provision of any city or town
charter in conflict with this act is hereby repealed; provided,
nothing herein contained shall be construed as imposing an in-
come tax.on any. part of the receipts of any public service cor-
porations which are now subject to a State franchise tax upon
such. receipts, or on any insurance companies which may pay a
State license tax on gross premiums, or on State and national
banks, banking associations, trust. and security: companies or on
religious, educational, benevolent and other corporations or as-
sociations of individuals not organized or conducted for pecuni-
ary profit. 7
Sec. 2914. Each and every one of the said companies doing
business in this State shall, on or before the first day of Decem-
ber of each and every year pay to the State and to the several
counties, cities and towns of the State wherein they may have
taxable properties located, the taxes levied on said property as

ollows: |

(a) The State tax on the intangible personal property
(other than bonds issued by counties, cities and towns or other
political sub-divisions of this State) owned by every such com-
pany, shall be at the rate of sixty-five cents on every one hun-
dred dollars of the assessed value thereof, the proceeds of which
shall be applied to the expenses of the government, and upon all
such intangible personal property there may be local levies at
the rate authorized by law; however, such rates not to exceed
thirty cents on every one hundred dollars of the assessed value
thereof, the proceeds of said local] levies to be applied as is pro-
vided by law.

(b) The State tax on the money of every such company shall
be twenty cents on every one hundred dollars’ assessed value
thereof, one-half of which shall be applied to the support of the
government, and one-half of which shall be applied to the sup-
port of the public free schools of this State, and there shall be
no local levies assessed on such money.

(c) The State tax on bonds issued by counties, cities and
towns or other political sub-divisions of this State, owned by
every such company shall be at the rate of thirty-five cents on
every one hundred dollars’ assessed value thereof, the proceeds
of which tax shall be applied to the payment of the expenses of
the government.

(d) ‘The State tax on the real estate and tangible personal
property of every such company shall be at the rate of ten cents
on every one hundred dollars’ assessed value thereof, the proceeds
of which shall be applied to the support of the public free schools
of this State, and on such real estate and tangible personal prop-
erty there shall be local levies at the same rate or rates as are
assessed upon other real estate and tangible personal property
located in such localities, the proceeds of which local levies shail
be applied as is provided by law.

(e) Every such company, for the privilege of doing business
in this State, in addition to the annual registration fee and the
property tax as herein provided, shall pay an annual license tax
as follows:

Said tax shall be equal to the percentages herein fixed upon
the gross receipts from operation of such companies and each of
them within this State. When such companies are operating
partly within and partly without this State, the gross receipts
within this State shall be deemed to be all receipts on business be-
ginning and ending within this State and all receipts earned in
Virginia on business passing through, into or out of this State;
provided, unless otherwise clearly shown, such last-mentioned re-
ceipts shall be deemed to be that portion of the total receipts from
such business which the entire mileage over which such business
is done bears to the mileage operated within this State the per-
centages above mentioned shall be as follows:

On all companies doing express business within this State,
one and one-half per centum; on all refrigerator, oil, stock, fruit
and other car-loaning and other car companies, except sleeping
car, dining car, drawing-room car and palace car companies, six
per centum.

The amount of the taxes and license herein imposed shall be
in lieu of all other taxes and licenses, State, county and muni-
cipal, upon all the property, franchises and privileges of said
companies; provided, that nothing herein contained shall ex-
empt the property of said companies from any special State
taxes heretofore or hereafter imposed upon such property. The
taxes imposed by this act shall be assessed and collected for the
year nineteen hundred and nineteen and thereafter until other-
wise provided by law.

An emergency existing, this act shall be in force from its
passage.