{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-1502.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-1502.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-1502.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-1502.html"}],"law_id":71879,"edition_id":1,"section_id":71879,"structure_id":14700,"section_number":"58.1-1502","catch_line":"Tax levied","history":"Code 1950, \u00a7\u00a7 58-685.29, 58-685.30, 58-685.32; 1974, c. 431; 1975, c. 424; 1977, c. 396; 1980, cc. 109, 367; 1984, cc. 370, 675.","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 retail sale of every aircraft sold in the Commonwealth and upon the use in the Commonwealth of any aircraft required to be licensed by the Department of Aviation pursuant to \u00a7 5.1-5. The amount of the tax to be collected shall be determined by the application of the following rate against the sale price or gross receipts:\n\n1\n\nTwo percent of the sale price of each aircraft sold in the Commonwealth.2\n\nTwo percent of the sale price of each aircraft not sold in the Commonwealth but required to be licensed for use in the Commonwealth. However, if the aircraft is licensed in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such aircraft at the time it is licensed or two percent of the purchase price thereof, whichever is lower.3\n\nTwo percent of the monthly gross receipts from the lease, charter or other use of any aircraft licensed for commercial use pursuant to § 5.1-5 B and held for sale by a dealer who has elected to be taxed under this paragraph as provided in § 58.1-1507.\n\t\t\tA transaction taxed under subdivision 1 shall not be taxed under subdivision 2, nor shall the same transaction be taxed more than once under either subdivision.\n\t\t\tAn aircraft subject to the tax under subdivision 3 shall be subject to the tax under subdivision 1 or 2 immediately upon the revocation of the commercial use license for such aircraft.","order_by":null,"text":{"0":{"id":258981,"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 retail sale of every aircraft sold in the Commonwealth and upon the use in the Commonwealth of any aircraft required to be licensed by the Department of Aviation pursuant to \u00a7 5.1-5. The amount of the tax to be collected shall be determined by the application of the following rate against the sale price or gross receipts:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":258982,"text":"Two percent of the sale price of each aircraft 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":258983,"text":"Two percent of the sale price of each aircraft not sold in the Commonwealth but required to be licensed for use in the Commonwealth. However, if the aircraft is licensed in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such aircraft at the time it is licensed or two percent of the purchase price thereof, whichever is lower.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":258984,"text":"Two percent of the monthly gross receipts from the lease, charter or other use of any aircraft licensed for commercial use pursuant to § 5.1-5 B and held for sale by a dealer who has elected to be taxed under this paragraph as provided in § 58.1-1507.\n\t\t\tA transaction taxed under subdivision 1 shall not be taxed under subdivision 2, nor shall the same transaction be taxed more than once under either subdivision.\n\t\t\tAn aircraft subject to the tax under subdivision 3 shall be subject to the tax under subdivision 1 or 2 immediately upon the revocation of the commercial use license for such aircraft.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":14700,"edition_id":1,"name":"Virginia Aircraft Sales and Use Tax","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:49:24","date_modified":"2026-06-26 03:49:24","permalink":{"id":252577,"object_type":"structure","relational_id":14700,"identifier":"15","token":"58.1\/I\/15","url":"\/58.1\/I\/15\/","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":60270,"structure_id":14700,"section_number":"58.1-1500","catch_line":"Title","url":"\/58.1-1500\/","token":"58.1\/I\/15\/58.1-1500","metadata":false},{"id":80281,"structure_id":14700,"section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501","metadata":false},{"id":71879,"structure_id":14700,"section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502","metadata":false},{"id":86448,"structure_id":14700,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503","metadata":false},{"id":57300,"structure_id":14700,"section_number":"58.1-1504","catch_line":"Credit against tax","url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504","metadata":false},{"id":68485,"structure_id":14700,"section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505","metadata":false},{"id":72324,"structure_id":14700,"section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506","metadata":false},{"id":86323,"structure_id":14700,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507","metadata":false},{"id":71171,"structure_id":14700,"section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508","metadata":false},{"id":64771,"structure_id":14700,"section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509","metadata":false},{"id":56341,"structure_id":14700,"section_number":"58.1-1510","catch_line":"Civil penalties","url":"\/58.1-1510\/","token":"58.1\/I\/15\/58.1-1510","metadata":false}],"previous_section":{"id":80281,"structure_id":14700,"section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501","metadata":false},"next_section":{"id":86448,"structure_id":14700,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1502\/","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 1974, chapter 431; in 1975, chapter 424; in 1977, chapter 396; in 1980, chapters 109 and 367; in 1984, chapters 370 and 675.<\/p>","references":[{"id":86448,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","order_by":null,"url":"\/58.1-1503\/"},{"id":86323,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","order_by":null,"url":"\/58.1-1507\/"},{"id":56341,"section_number":"58.1-1510","catch_line":"Civil penalties","order_by":null,"url":"\/58.1-1510\/"},{"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":[{"id":57054,"section_number":"5.1-5","catch_line":"Registration of aircraft","order_by":null,"url":"\/5.1-5\/"},{"id":86323,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","order_by":null,"url":"\/58.1-1507\/"}],"permalink":{"id":252587,"object_type":"law","relational_id":71879,"identifier":"58.1-1502","token":"58.1\/I\/15\/58.1-1502","url":"\/58.1-1502\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502","dublin_core":{"Title":"Tax levied","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1502","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 retail sale<\/span> of every aircraft<\/span> sold in the Commonwealth and upon the use in the Commonwealth of any aircraft<\/span> required to be licensed by the Department<\/span> of Aviation pursuant to \u00a7 5.1-5<\/a>. The amount of the tax to be collected shall be determined by the application of the following rate against the sale price<\/span> or gross receipts<\/span>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Two percent of the sale price<\/span> of each aircraft<\/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 aircraft<\/span> not sold in the Commonwealth but required to be licensed for use in the Commonwealth. However, if the aircraft<\/span> is licensed in the Commonwealth six months or more after its acquisition, the tax shall be two percent of the market value of such aircraft<\/span> at the time it is licensed or two percent of the purchase price thereof, whichever is lower. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Two percent of the monthly gross receipts<\/span> from the lease, charter or other use of any aircraft<\/span> licensed for commercial use pursuant to § 5.1-5<\/a> B and held for sale by a dealer<\/span> who has elected to be taxed under this paragraph as provided in § 58.1-1507<\/a>.\n\t\t\tA transaction taxed under subdivision 1 shall not be taxed under subdivision 2, nor shall the same transaction be taxed more than once under either subdivision.\n\t\t\tAn aircraft<\/span> subject to the tax under subdivision 3 shall be subject to the tax under subdivision 1 or 2 immediately upon the revocation<\/span> of the commercial use license for such aircraft<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAX LEVIED (\u00a7 58.1-1502)\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 retail sale of every aircraft sold\nin the Commonwealth and upon the use in the Commonwealth of any aircraft\nrequired to be licensed by the Department of Aviation pursuant to \u00a7 5.1-5. The\namount of the tax to be collected shall be determined by the application of the\nfollowing rate against the sale price or gross receipts:\n\n1. Two percent of the sale price of each aircraft sold in the Commonwealth.\n\n2. Two percent of the sale price of each aircraft not sold in the Commonwealth\nbut required to be licensed for use in the Commonwealth. However, if the\naircraft is licensed in the Commonwealth six months or more after its\nacquisition, the tax shall be two percent of the market value of such aircraft\nat the time it is licensed or two percent of the purchase price thereof,\nwhichever is lower.\n\n3. Two percent of the monthly gross receipts from the lease, charter or other\nuse of any aircraft licensed for commercial use pursuant to § 5.1-5 B and\nheld for sale by a dealer who has elected to be taxed under this paragraph as\nprovided in § 58.1-1507.\n\t\t\tA transaction taxed under subdivision 1 shall not be taxed under subdivision\n2, nor shall the same transaction be taxed more than once under either\nsubdivision.\n\t\t\tAn aircraft subject to the tax under subdivision 3 shall be subject to the\ntax under subdivision 1 or 2 immediately upon the revocation of the commercial\nuse license for such aircraft.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-685.29, 58-685.30, 58-685.32; 1974, c. 431; 1975, c.\n424; 1977, c. 396; 1980, cc. 109, 367; 1984, cc. 370, 675.","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}}