Chap. 323.—An ACT to amend the Alcoholic Beverage Control Act, approved

March 7, 1934, by adding thereto a new section to be numbered 28-1, in relation

to excise taxes. [S B 242]
Approved March 30, 1942

1. Be it enacted by the General Assembly of Virginia, That the
Alcoholic Beverage Control Act, approved March seventh, nineteen
hundred and thirty-four, be amended by adding thereto a new section
numbered twenty-eight-one, which new section shall read as follows:

Section 28-1. Allowance for Losses.—A discount of one per centum
is hereby allowed on the issuance of crown and lid tax certificates by the
State Tax Commissioner, which discount shall be deemed to be an allow-
ance for all losses of tax-paid crowns and lids so far as the Virginia tax
value thereof is concerned, which discount of one per centum shall be
computed on the Virginia tax value of all crowns and lids covered by tax
certificates issued by the State Tax Commissioner under this act and shall
be deducted by the State Tax Commissioner from the face tax value of
such crowns and lids in computing the net charge on the issuance of such
crown and lid tax certificates. Nothing contained in this section shall be
construed as affecting in any way any contract of insurance entered into
by and between any manufacturer, bottler, wholesaler or retailer of beer,
or any other person and any insurer, nor as repealing or affecting in any
way any statute authorizing tax refunds for losses sustained on account
of fire.

This section shall be in force on and after July first, nineteen hun-
dred and forty-two.