Code of Virginia § 3.2-1905. Levy of excise tax.
103 words·~1 min read·
/va/title-3-2/chapter-19/3-2-1905A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Beginning July 1, 2010, and ending July 1, 2026, an excise tax shall be levied at a rate of $0.25 per 100 pounds on all peanuts grown in and sold in the Commonwealth for processing. Peanuts shall not be subject to the tax after the tax has been paid once.
Code 1950, § 3-525.11; 1964, c. 609; 1966, c. 702, § 3.1-657; 1973, c. 200; 1983, c. 177; 1995, c. 160 ; 2008, c. 860 ; 2010, cc. 7 , 37 ; 2013, cc. 6 , 40 ; 2016, cc. 5 , 165 ; 2021, Sp. Sess. I, cc. 120 , 121 .