{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-1402.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-1402.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-1402.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-1402.html"}],"law_id":86634,"edition_id":1,"section_id":86634,"structure_id":15296,"section_number":"58.1-1402","catch_line":"Tax levied","history":"Code 1950, \u00a7\u00a7 58-685.41, 58-685.44; 1981, c. 405; 1984, c. 675; 1987, c. 516; 1990, c. 666.","full_text":"There is hereby levied and imposed, in addition to all other taxes and fees of every kind now imposed by law, a tax upon the sale of every watercraft sold in this Commonwealth, upon the use in this Commonwealth of any watercraft and upon the gross receipts from the lease, charter or other use of any watercraft by a registered dealer in this Commonwealth. The amount of the tax to be collected shall be determined by applying the following rate against the sale price, market value or gross receipts:\n\n1\n\nTwo percent of the sale price of each watercraft sold in the Commonwealth.2\n\nTwo percent of the sale price of each watercraft not sold in the Commonwealth but required to be titled in the Commonwealth. However, if the watercraft is first required to be titled in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such watercraft at the time it is titled.3\n\nTwo percent of the gross receipts from the lease, charter or other use of any watercraft by a registered dealer.\n\t\t\tThe maximum tax levied under subdivisions 1 and 2 of this section shall be $2,000. A transaction taxed under subdivision 1 shall not be taxed under subdivision 2 or 3, nor shall the same transaction be taxed more than once under either subdivision 1, 2 or 3. Use of any watercraft by a registered dealer resulting in taxation under subdivision 3 shall not exempt any subsequent sale or use of such watercraft from being taxed under subdivision 1 or 2 if applicable.","order_by":null,"text":{"0":{"id":310273,"text":"There is hereby levied and imposed, in addition to all other taxes and fees of every kind now imposed by law, a tax upon the sale of every watercraft sold in this Commonwealth, upon the use in this Commonwealth of any watercraft and upon the gross receipts from the lease, charter or other use of any watercraft by a registered dealer in this Commonwealth. The amount of the tax to be collected shall be determined by applying the following rate against the sale price, market value or gross receipts:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":310274,"text":"Two percent of the sale price of each watercraft sold in the Commonwealth.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":310275,"text":"Two percent of the sale price of each watercraft not sold in the Commonwealth but required to be titled in the Commonwealth. However, if the watercraft is first required to be titled in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such watercraft at the time it is titled.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":310276,"text":"Two percent of the gross receipts from the lease, charter or other use of any watercraft by a registered dealer.\n\t\t\tThe maximum tax levied under subdivisions 1 and 2 of this section shall be $2,000. A transaction taxed under subdivision 1 shall not be taxed under subdivision 2 or 3, nor shall the same transaction be taxed more than once under either subdivision 1, 2 or 3. Use of any watercraft by a registered dealer resulting in taxation under subdivision 3 shall not exempt any subsequent sale or use of such watercraft from being taxed under subdivision 1 or 2 if applicable.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":15296,"edition_id":1,"name":"Virginia Watercraft Sales and Use Tax","identifier":"14","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:53:43","date_modified":"2026-06-26 03:53:43","permalink":{"id":252527,"object_type":"structure","relational_id":15296,"identifier":"14","token":"58.1\/I\/14","url":"\/58.1\/I\/14\/","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":69754,"structure_id":15296,"section_number":"58.1-1400","catch_line":"Title","url":"\/58.1-1400\/","token":"58.1\/I\/14\/58.1-1400","metadata":false},{"id":58235,"structure_id":15296,"section_number":"58.1-1401","catch_line":"Definitions","url":"\/58.1-1401\/","token":"58.1\/I\/14\/58.1-1401","metadata":false},{"id":62307,"structure_id":15296,"section_number":"58.1-1401.1","catch_line":"When motor deemed a watercraft","url":"\/58.1-1401.1\/","token":"58.1\/I\/14\/58.1-1401.1","metadata":false},{"id":86634,"structure_id":15296,"section_number":"58.1-1402","catch_line":"Tax levied","url":"\/58.1-1402\/","token":"58.1\/I\/14\/58.1-1402","metadata":false},{"id":86799,"structure_id":15296,"section_number":"58.1-1403","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1403\/","token":"58.1\/I\/14\/58.1-1403","metadata":false},{"id":77970,"structure_id":15296,"section_number":"58.1-1404","catch_line":"Exemptions","url":"\/58.1-1404\/","token":"58.1\/I\/14\/58.1-1404","metadata":false},{"id":86570,"structure_id":15296,"section_number":"58.1-1405","catch_line":"Time for payment of tax","url":"\/58.1-1405\/","token":"58.1\/I\/14\/58.1-1405","metadata":false},{"id":75272,"structure_id":15296,"section_number":"58.1-1406","catch_line":"Dealers' certificates of registration","url":"\/58.1-1406\/","token":"58.1\/I\/14\/58.1-1406","metadata":false},{"id":83789,"structure_id":15296,"section_number":"58.1-1407","catch_line":"Retention of documents","url":"\/58.1-1407\/","token":"58.1\/I\/14\/58.1-1407","metadata":false},{"id":76879,"structure_id":15296,"section_number":"58.1-1408","catch_line":"Civil penalties and interest","url":"\/58.1-1408\/","token":"58.1\/I\/14\/58.1-1408","metadata":false},{"id":65740,"structure_id":15296,"section_number":"58.1-1409","catch_line":"Credit against tax","url":"\/58.1-1409\/","token":"58.1\/I\/14\/58.1-1409","metadata":false},{"id":64640,"structure_id":15296,"section_number":"58.1-1410","catch_line":"Disposition of funds","url":"\/58.1-1410\/","token":"58.1\/I\/14\/58.1-1410","metadata":false}],"previous_section":{"id":62307,"structure_id":15296,"section_number":"58.1-1401.1","catch_line":"When motor deemed a watercraft","url":"\/58.1-1401.1\/","token":"58.1\/I\/14\/58.1-1401.1","metadata":false},"next_section":{"id":86799,"structure_id":15296,"section_number":"58.1-1403","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1403\/","token":"58.1\/I\/14\/58.1-1403","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1402\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1981, chapter 405; in 1984, chapter 675; in 1987, chapter 516; in 1990, chapter 666.<\/p>","references":[{"id":86799,"section_number":"58.1-1403","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","order_by":null,"url":"\/58.1-1403\/"},{"id":77970,"section_number":"58.1-1404","catch_line":"Exemptions","order_by":null,"url":"\/58.1-1404\/"},{"id":83789,"section_number":"58.1-1407","catch_line":"Retention of documents","order_by":null,"url":"\/58.1-1407\/"},{"id":76879,"section_number":"58.1-1408","catch_line":"Civil penalties and interest","order_by":null,"url":"\/58.1-1408\/"},{"id":58436,"section_number":"58.1-604.1","catch_line":"(Contingent effective date -- see note*) Use tax on motor vehicles, machinery, tools and equipment brought into Virginia for use in performing contracts","order_by":null,"url":"\/58.1-604.1\/"}],"refers_to":false,"permalink":{"id":252541,"object_type":"law","relational_id":86634,"identifier":"58.1-1402","token":"58.1\/I\/14\/58.1-1402","url":"\/58.1-1402\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-1402\/","token":"58.1\/I\/14\/58.1-1402","dublin_core":{"Title":"Tax levied","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1402","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

There is hereby levied and imposed, in addition to all other taxes and fees of every kind now imposed by law<\/span>, a tax upon the sale of every watercraft<\/span> sold in this Commonwealth, upon the use in this Commonwealth of any watercraft<\/span> and upon the gross receipts<\/span> from the lease, charter or other use of any watercraft<\/span> by a registered dealer<\/span> in this Commonwealth. The amount of the tax to be collected shall be determined by applying the following rate against the sale price<\/span>, market value or gross receipts<\/span>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Two percent of the sale price<\/span> of each watercraft<\/span> sold in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Two percent of the sale price<\/span> of each watercraft<\/span> not sold in the Commonwealth but required to be titled in the Commonwealth. However, if the watercraft<\/span> is first required to be titled in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such watercraft<\/span> at the time it is titled. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Two percent of the gross receipts<\/span> from the lease, charter or other use of any watercraft<\/span> by a registered dealer<\/span>.\n\t\t\tThe maximum tax levied under subdivisions 1 and 2 of this section shall be $2,000. A transaction taxed under subdivision 1 shall not be taxed under subdivision 2 or 3, nor shall the same transaction be taxed more than once under either subdivision 1, 2 or 3. Use of any watercraft<\/span> by a registered dealer<\/span> resulting in taxation under subdivision 3 shall not exempt any subsequent sale or use of such watercraft<\/span> from being taxed under subdivision 1 or 2 if applicable. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAX LEVIED (\u00a7 58.1-1402)\n\nThere is hereby levied and imposed, in addition to all other taxes and fees of\nevery kind now imposed by law, a tax upon the sale of every watercraft sold in\nthis Commonwealth, upon the use in this Commonwealth of any watercraft and upon\nthe gross receipts from the lease, charter or other use of any watercraft by a\nregistered dealer in this Commonwealth. The amount of the tax to be collected\nshall be determined by applying the following rate against the sale price,\nmarket value or gross receipts:\n\n1. Two percent of the sale price of each watercraft sold in the Commonwealth.\n\n2. Two percent of the sale price of each watercraft not sold in the Commonwealth\nbut required to be titled in the Commonwealth. However, if the watercraft is\nfirst required to be titled in the Commonwealth six months or more after its\nacquisition, the tax shall be two percent of the market value of such watercraft\nat the time it is titled.\n\n3. Two percent of the gross receipts from the lease, charter or other use of any\nwatercraft by a registered dealer.\n\t\t\tThe maximum tax levied under subdivisions 1 and 2 of this section shall be\n$2,000. A transaction taxed under subdivision 1 shall not be taxed under\nsubdivision 2 or 3, nor shall the same transaction be taxed more than once under\neither subdivision 1, 2 or 3. Use of any watercraft by a registered dealer\nresulting in taxation under subdivision 3 shall not exempt any subsequent sale\nor use of such watercraft from being taxed under subdivision 1 or 2 if\napplicable.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-685.41, 58-685.44; 1981, c. 405; 1984, c. 675; 1987,\nc. 516; 1990, c. 666.","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}}