13100197D
SENATE BILL NO. 698
Offered January 9, 2013
Prefiled September 27, 2012
A BILL to amend and reenact §3.2-1905 of the Code of
Virginia, relating to the excise tax on peanuts.
----------
Patron-- Lucas
----------
Referred to Committee on Agriculture, Conservation and Natural Resources
----------
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.
|