CHAPTER 663

An Act to amend and reenact § 58-806, as amended, of the Code of
Virginia, relating to license tax applicable to wholesale merchants,
so as to reduce such tax.

[H 659]

Approved March 31, 1956

Be it enacted by the General Assembly of Virginia:

1. That § 58-806, as amended, of the Code of Virginia be amended and
reenacted as follows:

58-306. For every license to a person, firm or corporation engaged
in the business of a wholesale merchant, the amount to be paid shall be
as follows:

If the amount of purchases throughout the then next preceding
calendar year did not exceed ten thousand dollars, the amount shall be
fifty dollars; when such purchases exceed ten thousand dollars. the amount
shall be fifty dollars on the first ten thousand dollars, and * thirteen cents
on every one hundred dollars upon all in excess of ten thousand dollars.

The term “wholesale merchant’, as used in this article, means every
merchant who sells to other persons for resale only, or who sells at whole-
sale to institutional, commercial or industrial users.

2. This section, as amended, shall apply to tax years beginning on and
after January one, nineteen hundred fifty-nine.