Chap. 135.—An ACT to amend the Tax Code of Virginia by adding thereto a new
section to be numbered section 8-a, authorizing boards of supervisors of coun-
ties and councils of cities and towns to impose different rates of levy on real
estate, tangible personal property, and merchants’ capital. [S B 212]

Approved March 10, 1932

1. Be it enacted by the general assembly of Virginia, That the
tax Code of Virginia be amended by adding thereto a new section,
to be numbered section eight-a, which new section shall read as fol-
lows:

Section 8-a. Boards of supervisors and councils may impose dif-
ferent rates of levy on real estate, tangible personal property, and
neeretfanits’ capital-—lhe board of supervisors of any county, and the
council of any city or town, may, in laying levies on all taxable
real estate, tangible personal property and merchants’ capital, im-
pose one rate of levy on real estate, another rate of levy on tangible
personal property, and another rate of levy on merchants’ capital, or
such board or council may impose the same rate of levy on two or all
of these subjects of taxation.

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