§ 58.1-3500 Defined and segregated for local taxation
Tangible personal property shall consist of all personal property not otherwise classified by (i) § 58.1-1100 as intangible personal property, (ii) § 58.1-3510 as merchants’ capital, or (iii) § 58.1-3510.4 as short-term rental property. “Tangible personal property” does not include fixtures, as defined in § 58.1-3295.3, if such fixtures are taxed in accordance with § 58.1-3295.3. Such tangible personal property is hereby segregated for and made subject to local taxation only pursuant to Article X, § 4 of the Constitution of Virginia.
History
The record of this law’s original creation isn’t available online. It has been modified 11 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1960, chapter 418; in 1970, chapter 325; in 1974, chapter 445; in 1975, chapters 47 and 541; in 1978, chapters 178, 656, and 843; in 1979, chapter 576; in 1980, chapter 412; in 1982, chapter 633; in 1984, chapters 675 and 689; in 2010, chapters 255 and 295; in 2022, chapters 671 and 672.
Code 1950, §§ 58-829, 58-830; 1960, c. 418; 1970, c. 325; 1974, c. 445; 1975, cc. 47, 541; 1978, cc. 178, 656, 843; 1979, c. 576; 1980, c. 412; 1982, c. 633; 1984, cc. 675, 689; 2010, cc. 255, 295; 2022, cc. 671, 672.