VIRGINIA ACTS OF ASSEMBLY -- CHAPTER
An Act to amend and reenact §3.2-1905 of the Code of Virginia, relating to the excise tax on peanuts.
[H 1320]
Approved

Be it enacted by the General Assembly of Virginia:

1.  That §3.2-1905 of the Code of Virginia is amended and reenacted as follows:

§3.2-1905. Levy of excise tax.

An excise tax of 15 cents ($0.15) per 100 pounds is levied on all peanuts grown in and sold in the Commonwealth for processing. Beginning July 1, 2010, and ending July 1, 2013 2016, such tax shall be levied at a rate of $0.30 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.