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J- RONNIE <br /> <br />OFFICE OF THE COMMISSIONER OF THE REVENUE <br /> MARTIXNI!tVILLE, VIRGINIA <br /> <br />Mr. Dave Worthy, City Attorney <br />46 W. Main Street <br />Martinsville, VA 24112 <br /> <br />September 22, 1999 <br /> <br />Dear Dave: <br /> <br /> I received a letter dated December 29, 1998 that was received in my office dated January 5,1999. Such letter <br />was from-Tultex Corporation, 101 Commonwealth Blvd., Martinsville, Virginia, requesting a review and refund <br />because they discovered that some assets were reported and taxed incorrectly for tax years 1995, 1996 and 1997. <br /> <br /> I have completed my review of all assets reported and taxed for tax years 1995 and 1996. The results of my <br />review are as follows: <br /> <br />Tax Original Original Corrected Corrected Refund <br />Year Assessment Taxes Paid . Assessment... · Taxes .Due <br />1995 36,126,326 " $668,337.03 ~.' 34,925,966. $646,130.37 $22,206.66 .' <br />1996 37,915,001 $701,427.52 36,722,032 $679,357.59 $22,069.93 <br /> <br />GRAND TOTAL REFUND :. ' :' '::' "" ' ' $44,276.59 <br /> <br /> · Mr. Peter C. Salveson, Property Tax Manager, Advantax Management Corporation, represented Tultex in <br />these reviews. Mr. Salveson adVised me September 20, 1999 that Tultex management has agreed to the · <br /> <br />..- : Therefore, according'to. Virginia Code Section 58.[-3981 I'm satisfied'and certify that Tultex Corporation <br />reported some assets .ince..rrectly and taxes paid .should be correct.ed for years 1995 and 1996. Please consent to such <br />adjustments and refund amounts "' <br /> <br /> The 1997 review is not complete because Mr. Salves0n has not provided me the requested documentation, <br />which will verify assets disposed of or transferred to locations outside of Martinsville before January 1, 1997. "'- <br /> <br /> Your cooperation, attention and promptness in giving y6ur consent on this matter will be greatly appreciated. <br /> <br /> <br />