Wednesday, April 02, 2003

More on Wise County commissioner's decision to tax gas wells as real property

The Coalfield Progress has this article on the commissioner of revenue's determination to tax natural gas wells as real property. The commissioner cited the Virginia Supreme Court's decision in Transcontinental Gas Pipe Line Corp. v. Prince William County, 210 Va. 550, 172 S.E.2d 757 (1970), in which the Court held that underground gas mains were real property rather than personal property for tax purposes.

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