                                 CODE OF VIRGINIA

DISTRIBUTION OF CERTAIN TAXES COLLECTED (§ 58.1-2658.1)

The taxes assessed upon the rolling stock of railroads and freight car companies
as provided in § 58.1-2652 shall be distributed in the following manner:

1. One-half shall be distributed to the counties, cities and incorporated towns
of the Commonwealth in such percentage as the fair market value of roadway and
track located in such county, city or town bears to the total fair market value
of roadway and track in the Commonwealth.

2. One-half shall be distributed to the counties, cities and incorporated towns
of the Commonwealth in such percentage as the miles of track located in such
county, city or town bears to the total miles of track in the Commonwealth.
			The Department shall determine the percentage of fair market value and of
miles of track in the Commonwealth for each county, city and incorporated town
to which it shall be entitled using the latest available information.			After
ascertaining the amount of tax payable to each county, city and incorporated
town, the Department shall certify to the Comptroller the respective sums to be
paid and the Comptroller shall thereupon make payment to the treasurer or other
proper fiscal officer of the localities the amounts respectively due them as
certified by the Department. When received by the respective local political
subdivisions, these payments shall constitute and be regarded as receipts for
the general purpose of local government.

HISTORY: 1985, c. 557.