Virginia SB651 allows localities to levy taxes on utility customers for underground electric distribution and transmission improvements.
Virginia SB651 amends the Code of Virginia to allow qualifying localities to impose a tax on utility customers for underground electric distribution and transmission improvements. The bill defines a qualifying locality as a county with a population greater than 74,000 or an executive form of government. The tax rate for residential consumers is capped at $3 per month, while nonresidential consumers are taxed based on kilowatt hours delivered. The bill also outlines procedures for converting existing overhead lines to underground, billing, and tax remittance.
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