58.1-1606 - Optional rates for certain manufacturers and severers.
§ 58.1-1606. Optional rates for certain manufacturers and severers.
Notwithstanding the provisions of §§ 58.1-1604 and 58.1-1605, anymanufacturer of rough lumber who during any one calendar year, manufactures500,000 or less board feet may elect to pay a flat tax of $460 when theamount cut is between 500,000' and 300,000', and a flat tax of $230 when theamount cut is 300,000 board feet or less. The tax shall be payable to theDepartment within thirty days after December 31 of each year and themanufacturer shall submit to the Department with said tax, forms prescribedby the Department, certifying that he had actually manufactured a quantity ofrough lumber in accordance with the foregoing schedule during the precedingcalendar year.
Any person who severs for sale 100 or less cords of fuel wood, or 500 or lessposts for fish net poles, during any one calendar year may elect to pay thetax due within the thirty days after December 31 of each year and submit tothe Department with said tax, forms prescribed by the Department, certifyingthe quantity of product severed during the preceding calendar year.
Such manufacturer or severers shall not be required to keep and preserve suchrecords as are required in § 58.1-1617.
(Code 1950, § 58-838.8; 1956, c. 61; 1970, c. 770; 1972, c. 316; 1983, c.109; 1984, c. 675.)