Virginia § 58.1-2902 - Electric utility consumption tax relating to the special regulatory tax; when not assessed or assessed only in part
Full text of Virginia Code of Virginia § 58.1-2902 — Electric utility consumption tax relating to the special regulatory tax; when not assessed or assessed only in part, with citation guidance and answers to common questions.
§ 58.1-2902. Electric utility consumption tax relating to the special regulatory tax; when not assessed or assessed only in part
A. The Commission may in the performance of its function and duty in levying the electric utility consumption tax relating to the special regulatory tax, omit the levy on any portion of the tax fixed in § 58.1-2900 as is unnecessary within the Commission's sole discretion for the accomplishment of the objects for which the tax is imposed, including a reasonable margin in the nature of a reserve fund.
B. The Commission shall notify each provider of billing services, as defined in subsection E of § 58.1-2901, collecting the tax on consumers of electricity of any change in the electric utility consumption tax relating to the special regulatory tax not later than the first day of the second month preceding the month in which the revised rate is to take effect.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 58.1-2902
What does Code of Virginia § 58.1-2902 cover?
Section 58.1-2902 ("Electric utility consumption tax relating to the special regulatory tax; when not assessed or assessed only in part") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 58.1-2902?
A common citation format is "Code of Virginia § 58.1-2902" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 58.1-2902 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.