{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-3510.02.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-3510.02.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-3510.02.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-3510.02.html"}],"law_id":75558,"edition_id":1,"section_id":75558,"structure_id":15117,"section_number":"58.1-3510.02","catch_line":"Separate classification of certain merchants’ capital of wholesalers and retailers","history":"2018, c. 23; 2020, c. 541.","full_text":"Merchants’ capital of (i) any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory, and (ii) any retailer reported as inventory that is located, and is normally located, in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510. The governing body of any county, city, or town may levy a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.","order_by":null,"text":{"0":{"id":271435,"text":"Merchants’ capital of (i) any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory, and (ii) any retailer reported as inventory that is located, and is normally located, in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510. The governing body of any county, city, or town may levy a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3510.02\/","history_text":"

This law was first created in 2018. The record of its establishment is cataloged in chapter 23<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. 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. That modification is as follows: in 2020, chapter 541<\/a>.<\/p>","references":false,"refers_to":[{"id":61304,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","order_by":null,"url":"\/58.1-3510\/"}],"permalink":{"id":257847,"object_type":"law","relational_id":75558,"identifier":"58.1-3510.02","token":"58.1\/III\/35\/3\/58.1-3510.02","url":"\/58.1-3510.02\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-3510.02\/","token":"58.1\/III\/35\/3\/58.1-3510.02","dublin_core":{"Title":"Separate classification of certain merchants’ capital of wholesalers and retailers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3510.02","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Merchants’ capital of (i) any wholesaler reported as inventory that is located, and is normally located, in a structure that contains at least 100,000 square feet, with at least 100,000 square feet used solely to store such inventory, and (ii) any retailer reported as inventory that is located, and is normally located, in a structure that contains at least 200,000 square feet, with at least 200,000 square feet used solely to store such inventory, shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510<\/a>. The governing body of any county, city, or town may levy<\/span> a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSEPARATE CLASSIFICATION OF CERTAIN MERCHANTS’ CAPITAL OF WHOLESALERS AND\nRETAILERS (\u00a7 58.1-3510.02)\n\nMerchants’ capital of (i) any wholesaler reported as inventory that is\nlocated, and is normally located, in a structure that contains at least 100,000\nsquare feet, with at least 100,000 square feet used solely to store such\ninventory, and (ii) any retailer reported as inventory that is located, and is\nnormally located, in a structure that contains at least 200,000 square feet,\nwith at least 200,000 square feet used solely to store such inventory, shall\nconstitute a classification for local taxation separate from other\nclassifications of merchants’ capital as defined in \u00a7 58.1-3510. The\ngoverning body of any county, city, or town may levy a tax on such inventory at\ndifferent rates from the tax levied on other merchants’ capital. The rates\nof tax and the rates of assessment shall not exceed that applicable generally to\nmerchants’ capital.\n\nHISTORY: 2018, c. 23; 2020, c. 541.","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}}