CHAPTER 518

An Act to impose a license tax upon certain businesses.
Be it enacted by the General Assembly of Virginia:

1. § 1. Every small business investment company, as defined in the
Federal Small Business Investment Act of nineteen hundred fifty-eight,
shall pay an annual State license tax of one dollar per thousand for each
one thousand dollars of its actual paid-in capital; and the license taxes
prescribed by this section shall be in lieu of all taxes for State purposes
which, but for this section, would be imposed upon the capital of such
small business investment company.