Bill Text: VA HB20 | 2016 | Regular Session | Chaptered

Virginia House Bill 20 (Prior Session Legislation)

Bill Title: Peanuts; extends sunset provision to July 1, 2021, of excise tax on those grown and sold in Va.

Spectrum: Bipartisan Bill

Status: (Passed) 2016-03-01 - Governor: Acts of Assembly Chapter text (CHAP0165) [HB20 Detail]

Download: Virginia-2016-HB20-Chaptered.html

CHAPTER 165 An Act to amend and reenact §3.2-1905 of the Code of Virginia, relating to the excise tax on peanuts. [H 20] Approved March 1, 2016

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, ~~2016~~ 2021, ~~such~~ an excise 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.