                                 CODE OF VIRGINIA

REAL ESTATE, MINERAL LANDS, TANGIBLE PERSONAL PROPERTY AND MERCHANTS&#8217;
CAPITAL SUBJECT TO LOCAL TAXATION ONLY (§ 58.1-3000)

All taxable real estate, all taxable coal and other mineral lands, and all
taxable tangible personal property and the tangible personal property of public
service corporations, except rolling stock of corporations operating railroads,
and also the capital of merchants are hereby segregated and made subject to
local taxation only.

HISTORY: Code 1950, § 58-9; 1971, Ex. Sess., c. 33; 1984, c. 675.