Section 386. Railway common carriers; lost, damaged or unclaimed property

Latest version.

The tax does not apply to compensation paid by a railway common carrier to a customer for tangible personal property lost or damaged while in the carrier's possession. If a railway common carrier sells damaged or unclaimed property, it must register as a dealer and collect and pay the tax.

Historical Notes

Derived from VR630-10-24.4 § 8, eff. February 1, 1987.

Statutory Authority

§§ 58.1-203 and 58.1-609.3(3) of the Code of Virginia.

                    
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