                                 CODE OF VIRGINIA

GENERATING AND COGENERATING EQUIPMENT USED FOR ENERGY CONVERSION (§ 58.1-3662)

Generating equipment installed after December 31, 1974, for the purpose of
converting from oil or natural gas to coal or to wood, wood bark, wood residue,
or to any other alternate energy source for manufacturing, and any cogenerating
equipment installed since such date for use in manufacturing, are hereby
declared to be a separate class of property and shall constitute a
classification for local taxation separate from other classifications of
tangible personal property. The governing body of any county, city or town may,
by ordinance, exempt or partially exempt such property from local taxation, and
such ordinance shall become effective on January 1 of the year following the
year of adoption.

HISTORY: Code 1950, § 58-16.5; 1980, c. 675; 1982, c. 58; 1984, c. 675.