58.1-2658 - Distribution of certain taxes collected; prohibition of certain local taxes.
§ 58.1-2658. Distribution of certain taxes collected; prohibition of certainlocal taxes.
The rolling stock tax of certificated motor vehicle carriers as provided in §58.1-2652 shall be distributed to the counties, cities and incorporated townsof the Commonwealth in the following manner:
The Commission shall determine the proportion of the total vehicle milesoperated by each carrier in this Commonwealth for each county, city andincorporated town. The fraction thus derived for each county, city andincorporated town shall be the measure of the total rolling stock taxassessed against such carrier to which the respective county, city andincorporated town shall be entitled.
The clerk of the Commission shall certify to the Comptroller the respectivesums so allocated to the respective county, city and town and the Comptrollershall thereupon make payment to the treasurer or other proper fiscal officerof the locality the amount due them as certified by the Commission. Whenreceived by the respective local political subdivisions, these payments shallconstitute and be regarded as receipts for the general purposes of localgovernment.
No local property taxes shall be imposed upon the rolling stock of acertificated motor vehicle carrier.
(Code 1950, § 58-623; 1984, c. 675.)