CHAPTER 430

An Act to amend and reenact § 58-418, as amended, of the Code of
Virginia, relating to the rate of tax on capital. rH 298)

Approved March 31, 1964

Be it enacted by the General Assembly of Virginia:
1. That § 58-418, as amended, of the Code of Virginia, be amended and
reenacted as follows:

§ 58-418. Rate of tax on capital.—On all capital as defined by
§§ 58-410 through 58-417, there is hereby annually levied a tax of sixty-
five cents on every one hundred dollars of the actual value thereof; pro-
vided, however, that for each of the tax years beginning January first,
nineteen hundred and sixty-seven, and January first, nineteen hundred and
sixty-eight, the rate of such tax shall be sixty cents on every one hundred
dollars of the actual value thereof; for each of the tax years beginning
January first, nineteen hundred and sixty-nine, and January first, nine-
teen hundred and seventy, the rate of such tax shall be fifty-five cents on
every one hundred dollars of the actual value thereof, and for the tax year
beginning January first, nineteen hundred and seventy-one, and for every
tax year thereafter until otherwise provided by law the rate of such
baat men be fifty cents on every one hundred dollars of the actual value

reof.
*