                                 CODE OF VIRGINIA

EXEMPT PROFESSIONS AND BUSINESSES; HOW PROPERTY USED THEREIN TAXABLE (§
58.1-1103)

Section 58.1-1100, except subdivision A 10 of § 58.1-1101, shall not be
construed to apply to (i) any profession that the Commonwealth regulates by law,
(ii) industrial development corporations organized pursuant to the terms of §§
13.1-981 through 13.1-998, or (iii) the business of farming, which includes
propagating, growing, selling, and planting, as an incident to the sale, of
evergreens, shade trees, shrubs, and all other nursery products, ornamental and
otherwise, grown by the seller. Property used or employed in such exempt
activities shall be taxable in the actual form in which it exists and not as
intangible personal property.

HISTORY: Code 1950, § 58-413; 1956, c. 241; 1962, c. 131; 1982, c. 633; 1984,
c. 675; 2019, c. 255.