§ 26-959. Electric utility.  


Latest version.
  • (a)

    Every person engaged in furnishing current for electric lighting or heating or commercial or railway motive power or other purposes shall pay a license tax equal to one-half of one percent of the gross receipts of the business. In addition, beginning with the first meter readings after December 31, 2000, every person engaged in furnishing current for electric lighting or heating or commercial or railway motive power or other purposes shall remit monthly to the City the local consumption tax portion of the electric utility consumption tax collected from each consumer located in the City based on the following rates per kilowatt hour (kwh) consumed as prescribed in Code of Virginia, § 58.1-2900: $0.00038 per kwh consumed per month not in excess of 2,500 kwh; $0.00024 per kwh consumed per month in excess of 2,500 kwh but not in excess of 50,000 kwh; $0.00018 per kwh consumed per month in excess of 50,000 kwh.

    (b)

    The payment of the license tax under this section shall not be construed to:

    (1)

    Alter, impair or repeal the right of the City to make an annual charge for the setting of poles or the laying of conduits in the City streets or alleys for the purpose of running wires thereon or therein or for any other charges or special taxes that have been or may be agreed upon between the City and the grantee of any franchise rights;

    (2)

    Prevent or impair the right of the City to assess and collect a tax upon the value of any franchise already, now or hereafter granted; or

    (3)

    Prevent or impair the right of the City to impose a tax against the purchaser of a utility service.

    (Code 1993, § 27-399; Code 2004, § 98-731)

    State Law reference— Taxation of public service corporations, Code of Virginia, § 58.1-2600 et seq.

(Code 1993, § 27-399; Code 2004, § 98-731)

State law reference

Taxation of public service corporations, Code of Virginia, § 58.1-2600 et seq.