{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-3509.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-3509.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-3509.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-3509.html"}],"law_id":57594,"edition_id":1,"section_id":57594,"structure_id":15117,"section_number":"58.1-3509","catch_line":"Merchants’ capital subject to local taxation; rate limit","history":"Code 1950, \u00a7\u00a7 58-266.1, 58-832; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568, 570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558, 633; 1983, c. 554; 1984, cc. 247, 675, 695; 1999, c. 200.","full_text":"The capital of merchants is segregated for local taxation only; however, no county, city or town shall be required to impose a tax on such capital. However, no rate or assessment ratio in any county, city or town for merchants’ capital shall be greater than such rate and ratio as was in effect in such county, city or town on January 1, 1978.","order_by":null,"text":{"0":{"id":211042,"text":"The capital of merchants is segregated for local taxation only; however, no county, city or town shall be required to impose a tax on such capital. However, no rate or assessment ratio in any county, city or town for merchants’ capital shall be greater than such rate and ratio as was in effect in such county, city or town on January 1, 1978.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15117,"edition_id":1,"name":"Merchants' Capital Tax","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":14766,"metadata":{},"date_created":"2026-06-26 03:52:16","date_modified":"2026-06-26 03:52:16","permalink":{"id":257833,"object_type":"structure","relational_id":15117,"identifier":"3","token":"58.1\/III\/35\/3","url":"\/58.1\/III\/35\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14766,"edition_id":1,"name":"Tangible Personal Property, Machinery and Tools and Merchants' Capital","identifier":"35","label":"chapter","depth":3,"order_by":1,"parent_id":12704,"metadata":{},"date_created":"2026-06-26 03:49:48","date_modified":"2026-06-26 03:49:48","permalink":{"id":257733,"object_type":"structure","relational_id":14766,"identifier":"35","token":"58.1\/III\/35","url":"\/58.1\/III\/35\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12704,"edition_id":1,"name":"Local Taxes","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":256459,"object_type":"structure","relational_id":12704,"identifier":"III","token":"58.1\/III","url":"\/58.1\/III\/","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":57594,"structure_id":15117,"section_number":"58.1-3509","catch_line":"Merchants' capital subject to local taxation; rate limit","url":"\/58.1-3509\/","token":"58.1\/III\/35\/3\/58.1-3509","metadata":false},{"id":61304,"structure_id":15117,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","url":"\/58.1-3510\/","token":"58.1\/III\/35\/3\/58.1-3510","metadata":false},{"id":73746,"structure_id":15117,"section_number":"58.1-3510.01","catch_line":"Separate classification of merchants' capital of pharmaceutical wholesalers","url":"\/58.1-3510.01\/","token":"58.1\/III\/35\/3\/58.1-3510.01","metadata":false},{"id":75558,"structure_id":15117,"section_number":"58.1-3510.02","catch_line":"Separate classification of certain merchants' capital of wholesalers and retailers","url":"\/58.1-3510.02\/","token":"58.1\/III\/35\/3\/58.1-3510.02","metadata":false},{"id":58661,"structure_id":15117,"section_number":"58.1-3510.1","catch_line":"Repealed","url":"\/58.1-3510.1\/","token":"58.1\/III\/35\/3\/58.1-3510.1","metadata":false}],"next_section":{"id":61304,"structure_id":15117,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","url":"\/58.1-3510\/","token":"58.1\/III\/35\/3\/58.1-3510","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3509\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 16 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 242; in 1964, chapter 424; in 1968, chapter 619; in 1970, chapters 231 and 547; in 1974, chapters 196 and 438; in 1975, chapters 23 and 621; in 1976, chapters 521 and 719; in 1977, chapter 320; in 1978, chapters 772, 799, and 817; in 1979, chapters 565, 568, and 570; in 1980, chapters 318 and 736; in 1981, chapters 419 and 636; in 1982, chapters 348, 548, 552, 554, 558, and 633; in 1983, chapter 554; in 1984, chapters 247, 675, and 695; in 1999, chapter 200<\/a>.<\/p>","references":[{"id":75086,"section_number":"46.2-602.2","catch_line":"Titling and registration of company vehicles of automotive manufacturers","order_by":null,"url":"\/46.2-602.2\/"},{"id":85777,"section_number":"58.1-1101","catch_line":"Classification","order_by":null,"url":"\/58.1-1101\/"},{"id":84228,"section_number":"58.1-3506","catch_line":"Other classifications of tangible personal property for taxation","order_by":null,"url":"\/58.1-3506\/"},{"id":75221,"section_number":"58.1-3510.4","catch_line":"Short-term rental property; short-term rental businesses","order_by":null,"url":"\/58.1-3510.4\/"},{"id":70783,"section_number":"58.1-3704","catch_line":"License tax on merchants in lieu of merchants' capital tax","order_by":null,"url":"\/58.1-3704\/"}],"refers_to":false,"permalink":{"id":257835,"object_type":"law","relational_id":57594,"identifier":"58.1-3509","token":"58.1\/III\/35\/3\/58.1-3509","url":"\/58.1-3509\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-3509\/","token":"58.1\/III\/35\/3\/58.1-3509","dublin_core":{"Title":"Merchants’ capital subject to local taxation; rate limit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3509","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The capital of merchants is segregated for local taxation only; however, no county, city or town shall be required to impose a tax on such capital. However, no rate or assessment ratio in any county, city or town for merchants’ capital shall be greater than such rate and ratio as was in effect in such county, city or town on January 1, 1978.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMERCHANTS’ CAPITAL SUBJECT TO LOCAL TAXATION; RATE LIMIT (\u00a7 58.1-3509)\n\nThe capital of merchants is segregated for local taxation only; however, no\ncounty, city or town shall be required to impose a tax on such capital. However,\nno rate or assessment ratio in any county, city or town for merchants’\ncapital shall be greater than such rate and ratio as was in effect in such\ncounty, city or town on January 1, 1978.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-266.1, 58-832; 1950, p. 155; 1956, c. 242; 1964, c.\n424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621;\n1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568,\n570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558,\n633; 1983, c. 554; 1984, cc. 247, 675, 695; 1999, c. 200.","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}}