Chap. 279.—An ACT to raise revenue for the support of the government. [S B 310]
Approved March 15, 1924.

1. Be it enacted by the general assembly of Virginia, That the
special taxes prescribed by this act be, and they are hereby imposed and
shall be levied upon the property and subjects of taxation hereinafter
specified for the years nineteen hundred and twenty-four and nineteen
hundred and twenty-five: upon every deed, deed of trust, mortgage,
lease, contract or agreement, upon which.a State tax is now imposed by
section thirteen of the act approved April sixteenth, nineteen hundred
and three, entitled an act to raise revenue for the support of the govern-
ment 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 one
hundred and eighty-nine of the Constitution, as heretofore amended, an
additional tax of two cents upon each one hundred dollars of considera-
tion to be levied and collected as set forth in said section and subject to
such exceptions as are herein provided.

Upon the gross transportation receipts of every railway and canal
corporation in this State, not exempt from taxation by virtue of its
charter, and of every railway and canal corporation incorporated under
the laws of any other State and doing business in this State, the addi-
tional tax shall be as follows:

(a) When the road or canal of the corporation lies wholly within
this State the additional tax shall be equal to one-sixteenth of one per
centum of the entire gross transportation receipts of such corporation;
and,

(b) When the road or canal of the corporation lies partly within
and partly without this State, or is operated as a part of a line or system
extending beyond this State, the additional tax shall be equal to one-
sixteenth of one per centum of the gross transportation receipts earned
within this State, to be determined in the manner provided for by chap-
ter four hundred and eighty-five of the acts of the general assembly of
Virginia for the year nineteen hundred and sixteen.

For the privilege of doing business in this State every company doing
express business on any railroad, steamboat or vessel in this State, and
all refrigerator, oil, stock, fruit and other car loaning and other car com-
panies, operating upon the railroads of this State, except sleeping car
companies, dining car, drawing room car and palace car companies,
there shall be an additional tax of three-twentieths of one per centum
upon the gross receipts from the operations of such companies within
this State, to be determined as provided for by the provisions of chapter
one hundred and forty-one of the acts of assembly of Virginia for the
year nineteen hundred and fifteen, relating to the taxation of express
companies, refrigerator, ol, stock, fruit and other car loaning and other
car companies, operating upon the railroads in this State.

Upon each incorporated telegraph company doing business in this
State and owning and operating a telegraph line in this State there shall
be an additional license tax of twelve and one-half cents per mile of line
of poles or conduits owned or operated by the company in this State,
and an additional charge of one-fourth of one per centum of the gross
receipts of such company in excess of fifty thousand dollars from busi-
meas done within this State during the year ending the thirtieth day of

une.

Each incorporated telephone company doing business in this State
and owning and operating a telephone line in this State shall pay an
additional license tax equal to one-fourth of one per centum of the gross
receipts of such corporation in excess of fifty thousand dollars from
business done within this State during the year ending the thirtieth day
of June preceding, and a sum equal to twenty-five cents per mile of line
of poles or conduits owned or operated by such corporation in this State.
Provided, however, that this tax shall not apply to any telephone com-
pany chartered in this State when such company is purely a local mutual
association, and does not charge others for transmitting messages over
its line or lines, and is not designed to accumulate profits for the benefit
of, or to pay dividends to the stockholders or members thereof. In
computing the taxes imposed by this section on telegraph and telephone
companies, the provisions of chapter one hundred and fifty of the acts
of aeeemanly of Virginia, for the year nineteen hundred and ten, shall be
applied.

Each corporation doing in Virginia the business of furnishing water,
heat, light or power, whether by means of electricity or gas, shall pay to
this State an additional annual State franchise tax equal to one-sixteenth
of one per centum of its gross receipts, to be determined in the manner
provided for by chapter four hundred and seventy-two of ‘the acts of
assembly of Virginia for the year nineteen hundred and sixteen.

_ Every person, partnership, company or corporation, which con-
tracts on his, their or its account to issue policies, contracts or agree-
ments for life, fire, marine, surety, guaranty, fidelity, employer’s lia-
bility, liability, credit, health, accident, live stock, plate glass, tornado,au-
tomatic sprinkler, burglary, steam boilers and all like insurance, shall pay
an additional tax of one-eighth of one per centum upon the gross amount
of all premiums, assessments, dues and fees collected, received or de-
rived, or obligations taken therefor, from business in this State during
each year. The provisions of chapter seventy-seven of the acts of the
general assembly of Virginia of nineteen hundred and fifteen shall be
applied in computing and collecting this tax, provided that nothing
herein shall be construed to apply to fraternal beneficiary associations
as defined in chapter one hundred and seventy-one of Code of Virginia,
nineteen hundred and nineteen, defining and regulating fraternal bene-
ficlary associations, orders or societies.

The taxes provided for by this act shall be assessed, determined and
collected as other State taxes on the same property and subjects of taxa-
tion are assessed, determined and collected, and shall be paid into the
treasury of the State as are other taxes of the same kinds and applied to
the general expenses of government.

The taxes provided for by this act shall be in addition to any other
taxes upon the property and subjects of taxation upon which these
taxes are imposed which are now or may hereafter be provided for by any
statute or act of the general assembly, any statutory provision or rule of
construction to the contrary notwithstanding.

The provisions of this act shall apply to the assessment and collection
of the taxes herein provided for for the years nineteen hundred and
twenty-four and nineteen hundred and twenty-five, but not thereafter.