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Current as of January 01, 2025 | Updated by Findlaw Staff
There is hereby levied, in addition to all other taxes now imposed by law, a state excise tax on every wholesaler or distributor of carbonated soft drinks. The tax shall be based upon the gross receipts of each wholesaler or distributor from the sale of such soft drinks and shall be determined according to the following schedule:
1. The tax shall be $50 if gross receipts do not exceed $100,000;
2. The tax shall be $100 if gross receipts exceed $100,000 but do not exceed $250,000;
3. The tax shall be $250 if gross receipts exceed $250,000 but do not exceed $500,000;
4. The tax shall be $750 if gross receipts exceed $500,000 but do not exceed $1,000,000;
5. The tax shall be $1,500 if gross receipts exceed $1,000,000 but do not exceed $3,000,000;
6. The tax shall be $3,000 if gross receipts exceed $3,000,000 but do not exceed $5,000,000;
7. The tax shall be $4,500 if gross receipts exceed $5,000,000 but do not exceed $10,000,000;
8. The tax shall be $7,200 if gross receipts exceed $10,000,000 but do not exceed $25,000,000;
9. The tax shall be $18,000 if gross receipts exceed $25,000,000 but do not exceed $50,000,000; and
10. The tax shall be $33,000 if the gross receipts exceed $50,000,000.
Cite this article: FindLaw.com - Virginia Code Title 58.1. Taxation § 58.1-1702. Tax levied - last updated January 01, 2025 | https://codes.findlaw.com/va/title-58-1-taxation/va-code-sect-58-1-1702/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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