Rolling Stock Tax on Railroads, Freight Car Companies and Motor Vehicle Carriers and Property Valuation of Railroads

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This is Article 5 of the Code of Virginia, titled “Rolling Stock Tax on Railroads, Freight Car Companies and Motor Vehicle Carriers and Property Valuation of Railroads.” It is part of Chapter 26 “Taxation of Public Service Corporations”, which is part of Subtitle II “Taxes Administered by Other Agencies”, which is part of Title 58.1 “Taxation”.

It’s comprised of the following 10 sections.

§ 58.1-2652	State tax on rolling stock; date of payment
§ 58.1-2653	Annual report of railroads and freight car companies
§ 58.1-2654	Annual report of motor vehicle carriers
§ 58.1-2654.1	Penalty for failure to properly file annual reports
§ 58.1-2655	Assessment by Department and Commission
§ 58.1-2656	Valuation of sidetracks, double tracks, etc
§ 58.1-2657	Copies of assessments to be furnished to taxpayer and local officials
§ 58.1-2658	Distribution of certain taxes collected; prohibition of certain local taxes
§ 58.1-2658.1	Distribution of certain taxes collected
§ 58.1-2659	Article not applicable to companies exempt by federal laws