                                 CODE OF VIRGINIA

TITLING AND REGISTRATION OF COMPANY VEHICLES OF AUTOMOTIVE MANUFACTURERS (§
46.2-602.2)

For the purpose of this section:
		&#8220;Automotive manufacturer&#8221; means the entire worldwide affiliated
group as defined in § 58.1-3700.1, as of July 31, 2007, if at least one member
of the worldwide affiliated group is an automotive manufacturer, as classified
under the 2007 North American Industry Classification System Codes 3361, 3362,
and 3363 in effect as of December 31, 2007.
		&#8220;Company vehicles&#8221; means the following vehicles owned or operated
by an automotive manufacturer having its headquarters in Virginia:

1. Vehicles used for sales or service training, advertising, public relations,
quality control, and emissions or other testing and/or evaluation purposes;

2. Vehicles used for headquarters-related purposes, including but not
necessarily limited to use by visiting executives or employees;

3. Vehicles provided for use by eligible headquarters employees or their
eligible family members in compliance with established corporate policies as may
from time to time be in effect, but not more than four vehicles may be leased
for the benefit of any eligible headquarters employee at any one time; and

4. All other vehicles deemed by the automotive manufacturer to serve a
headquarters function, but excluding any vehicles provided for use by eligible
headquarters employees or their eligible family members in compliance with
established corporate policies.
			&#8220;Family members&#8221; means the spouse of an employee, and the
children and parents of an employee or an employee&#8217;s spouse.
			&#8220;Headquarters&#8221; means a facility at which company employees are
physically employed and at which the majority of the company&#8217;s financial,
personnel, legal, or planning functions are handled either on a regional or
national basis.
			Each automotive manufacturer having its headquarters in the Commonwealth
shall be issued a motor vehicle dealer license or equivalent permit by the
Commissioner. Such license or permit shall authorize the automotive manufacturer
to dispose of company vehicles using a manufacturer&#8217;s certificate of
origin, but if disposed of within the Commonwealth of Virginia, such vehicles
may only be transferred to a new motor vehicle dealer holding a franchise for
the automotive manufacturer&#8217;s line-make, provided each vehicle is
transferred with a designation indicating that it is not a new motor vehicle as
defined in &#xA7; 46.2-1500. The automotive manufacturer and its affiliates may
sell used motor vehicles directly to its lessees.
			An automotive manufacturer having its headquarters in the Commonwealth may
obtain a title for any company vehicle, but issuance of any such title shall be
exempt from all fees except for the fee for issuance of a certificate of title
as provided in &#xA7; 46.2-627.
			All company vehicles used as provided in this section may be driven using
license plates issued and affixed as provided in Article 5 (&#xA7; 46.2-1545.1
et seq.) of Chapter 15. All such vehicles shall be classified as
merchants&#8217; capital and subject to merchants&#8217; capital tax pursuant to
Article 3 (&#xA7; 58.1-3509 et seq.) of Chapter 35 of Title 58.1.

HISTORY: 2008, cc. 304, 753; 2015, c. 615.