The highest court in the state has sided with Hanover County in a dispute with one of its largest taxpayers that would have cost the locality millions had it gone the other way.
The Supreme Court of Virginia in November denied a petition for a re-hearing filed by Bear Island Paper WB LLC in its dispute with Hanover over how the mill’s machinery and tools were assessed for tax purposes, said County Attorney Sterling Rives.
“This is a significant decision for Hanover County because it affirms the way the commissioner of the revenue, like many other commissioners across the state, has been interpreting and applying the machinery and tools tax assessment for decades,” Rives said.
