                                 CODE OF VIRGINIA

INTANGIBLE PERSONAL PROPERTY; SEGREGATED FOR STATE TAXATION (§ 58.1-1100)

Intangible personal property, including capital of a trade or business of any
person, firm or corporation, except for merchants&#8217; capital as defined in
§ 58.1-3510 which shall be subject to local taxation, is hereby segregated for
state taxation only.

HISTORY: Code 1950, § 58-405; 1981, c. 145; 1982, c. 633; 1983, cc. 552, 555;
1984, cc. 680, 729.