58.1-808 - Sales contracts for the sale of rolling stock or equipment.
§ 58.1-808. Sales contracts for the sale of rolling stock or equipment.
On every contract or agreement admitted to record relating to the sale ofrolling stock or equipment, whether the title is reserved in the vendor ornot, with a railroad corporation or other corporation or with a person, firmor company, the tax shall be 25 cents on every $100 or fraction thereof ofthe amount contracted for in such contract or agreement. When such contractor agreement is with a railroad corporation lying partly within theCommonwealth and partly without the Commonwealth, the tax shall be upon suchproportion of the amount contracted for as the number of miles of the line ofsuch railroad corporation in the Commonwealth bears to the whole number ofmiles of line of such railroad corporation.
(Code 1950, § 58-59; 1984, c. 675; 2004, Sp. Sess. I, c. 3.)