{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-1103.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-1103.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-1103.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-1103.html"}],"law_id":66740,"edition_id":1,"section_id":66740,"structure_id":14380,"section_number":"58.1-1103","catch_line":"Exempt professions and businesses; how property used therein taxable","history":"Code 1950, \u00a7 58-413; 1956, c. 241; 1962, c. 131; 1982, c. 633; 1984, c. 675; 2019, c. 255.","full_text":"Section 58.1-1100, except subdivision A 10 of \u00a7 58.1-1101, shall not be construed to apply to (i) any profession that the Commonwealth regulates by law, (ii) industrial development corporations organized pursuant to the terms of \u00a7\u00a7 13.1-981 through 13.1-998, or (iii) the business of farming, which includes propagating, growing, selling, and planting, as an incident to the sale, of evergreens, shade trees, shrubs, and all other nursery products, ornamental and otherwise, grown by the seller. Property used or employed in such exempt activities shall be taxable in the actual form in which it exists and not as intangible personal property.","order_by":null,"text":{"0":{"id":242032,"text":"Section 58.1-1100, except subdivision A 10 of \u00a7 58.1-1101, shall not be construed to apply to (i) any profession that the Commonwealth regulates by law, (ii) industrial development corporations organized pursuant to the terms of \u00a7\u00a7 13.1-981 through 13.1-998, or (iii) the business of farming, which includes propagating, growing, selling, and planting, as an incident to the sale, of evergreens, shade trees, shrubs, and all other nursery products, ornamental and otherwise, grown by the seller. Property used or employed in such exempt activities shall be taxable in the actual form in which it exists and not as intangible personal property.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14380,"edition_id":1,"name":"Intangible Personal Property Tax","identifier":"11","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:47:56","date_modified":"2026-06-26 03:47:56","permalink":{"id":252371,"object_type":"structure","relational_id":14380,"identifier":"11","token":"58.1\/I\/11","url":"\/58.1\/I\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":86605,"structure_id":14380,"section_number":"58.1-1100","catch_line":"Intangible personal property; 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nonresidents, branches outside of Commonwealth","url":"\/58.1-1106\/","token":"58.1\/I\/11\/58.1-1106","metadata":false},{"id":78274,"structure_id":14380,"section_number":"58.1-1107","catch_line":"Date as of which intangible personal property must be returned","url":"\/58.1-1107\/","token":"58.1\/I\/11\/58.1-1107","metadata":false},{"id":55714,"structure_id":14380,"section_number":"58.1-1108","catch_line":"Time for filing returns; payment of tax","url":"\/58.1-1108\/","token":"58.1\/I\/11\/58.1-1108","metadata":false},{"id":56933,"structure_id":14380,"section_number":"58.1-1109","catch_line":"Extension of time for filing returns","url":"\/58.1-1109\/","token":"58.1\/I\/11\/58.1-1109","metadata":false},{"id":79792,"structure_id":14380,"section_number":"58.1-1110","catch_line":"Where to file return; duty of the commissioner of revenue; audit and assessment","url":"\/58.1-1110\/","token":"58.1\/I\/11\/58.1-1110","metadata":false},{"id":57042,"structure_id":14380,"section_number":"58.1-1111","catch_line":"Application to fiduciaries generally","url":"\/58.1-1111\/","token":"58.1\/I\/11\/58.1-1111","metadata":false},{"id":74457,"structure_id":14380,"section_number":"58.1-1112","catch_line":"Forwarding to and audit of returns by Department","url":"\/58.1-1112\/","token":"58.1\/I\/11\/58.1-1112","metadata":false},{"id":75886,"structure_id":14380,"section_number":"58.1-1113","catch_line":"Penalty for failure to file returns of intangible personal property in time; delinquents; assessments on estimates","url":"\/58.1-1113\/","token":"58.1\/I\/11\/58.1-1113","metadata":false},{"id":57427,"structure_id":14380,"section_number":"58.1-1114","catch_line":"Assessment and payment of deficiency; penalties; application for correction","url":"\/58.1-1114\/","token":"58.1\/I\/11\/58.1-1114","metadata":false},{"id":79275,"structure_id":14380,"section_number":"58.1-1115","catch_line":"Refund of overpayment","url":"\/58.1-1115\/","token":"58.1\/I\/11\/58.1-1115","metadata":false},{"id":62634,"structure_id":14380,"section_number":"58.1-1116","catch_line":"Failure to pay tax when due; civil penalties","url":"\/58.1-1116\/","token":"58.1\/I\/11\/58.1-1116","metadata":false},{"id":70638,"structure_id":14380,"section_number":"58.1-1117","catch_line":"How intangible personal property tax collectible","url":"\/58.1-1117\/","token":"58.1\/I\/11\/58.1-1117","metadata":false},{"id":82483,"structure_id":14380,"section_number":"58.1-1118","catch_line":"Intangible personal property assessment sheets or forms","url":"\/58.1-1118\/","token":"58.1\/I\/11\/58.1-1118","metadata":false}],"previous_section":{"id":77570,"structure_id":14380,"section_number":"58.1-1102","catch_line":"Intangible personal property of certain poultry and livestock producers","url":"\/58.1-1102\/","token":"58.1\/I\/11\/58.1-1102","metadata":false},"next_section":{"id":66537,"structure_id":14380,"section_number":"58.1-1104","catch_line":"To what extent dairies taxable on intangible personal property","url":"\/58.1-1104\/","token":"58.1\/I\/11\/58.1-1104","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1103\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 241; in 1962, chapter 131; in 1982, chapter 633; in 1984, chapter 675; in 2019, chapter 255<\/a>.<\/p>","references":false,"refers_to":[{"id":80825,"section_number":"13.1-981","catch_line":"How chapter cited","order_by":null,"url":"\/13.1-981\/"},{"id":80620,"section_number":"13.1-998","catch_line":"Credit of Commonwealth not pledged","order_by":null,"url":"\/13.1-998\/"},{"id":86605,"section_number":"58.1-1100","catch_line":"Intangible personal property; segregated for state taxation","order_by":null,"url":"\/58.1-1100\/"},{"id":85777,"section_number":"58.1-1101","catch_line":"Classification","order_by":null,"url":"\/58.1-1101\/"}],"permalink":{"id":252385,"object_type":"law","relational_id":66740,"identifier":"58.1-1103","token":"58.1\/I\/11\/58.1-1103","url":"\/58.1-1103\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-1103\/","token":"58.1\/I\/11\/58.1-1103","dublin_core":{"Title":"Exempt professions and businesses; how property used therein taxable","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1103","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Section 58.1-1100<\/a>, except subdivision A 10 of \u00a7 58.1-1101<\/a>, shall not be construed to apply to (i) any profession that the Commonwealth regulates by law<\/span>, (ii) industrial development corporations organized pursuant to the terms of \u00a7\u00a7 13.1-981<\/a> through 13.1-998<\/a>, or (iii) the business of farming, which includes propagating, growing, selling, and planting, as an incident to the sale, of evergreens, shade trees, shrubs, and all other nursery products, ornamental and otherwise, grown by the seller. Property used or employed in such exempt activities shall be taxable in the actual form in which it exists and not as intangible personal property.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXEMPT PROFESSIONS AND BUSINESSES; HOW PROPERTY USED THEREIN TAXABLE (\u00a7\n58.1-1103)\n\nSection 58.1-1100, except subdivision A 10 of \u00a7 58.1-1101, shall not be\nconstrued to apply to (i) any profession that the Commonwealth regulates by law,\n(ii) industrial development corporations organized pursuant to the terms of \u00a7\u00a7\n13.1-981 through 13.1-998, or (iii) the business of farming, which includes\npropagating, growing, selling, and planting, as an incident to the sale, of\nevergreens, shade trees, shrubs, and all other nursery products, ornamental and\notherwise, grown by the seller. Property used or employed in such exempt\nactivities shall be taxable in the actual form in which it exists and not as\nintangible personal property.\n\nHISTORY: Code 1950, \u00a7 58-413; 1956, c. 241; 1962, c. 131; 1982, c. 633; 1984,\nc. 675; 2019, c. 255.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}