§ 58.1-3500 Defined and segregated for local taxation
Tangible personal property shall consist of all personal property not otherwise classified by (i) § 58.1-1100 as intangible personal property, (ii) § 58.1-3510 as merchants’ capital, or (iii) § 58.1-3510.4 as short-term rental property. “Tangible personal property” does not include fixtures, as defined in § 58.1-3295.3, if such fixtures are taxed in accordance with § 58.1-3295.3. Such tangible personal property is hereby segregated for and made subject to local taxation only pursuant to Article X, § 4 of the Constitution of Virginia.
History
The record of this law’s original creation isn’t available online. The oldest record of it is its appearance in the Code of Virginia of 1950, as §§ 58-829 and 58-830. It has been modified 11 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1960, chapter 418; in 1970, chapter 325; in 1974, chapter 445; in 1975, chapters 47 and 541; in 1978, chapters 178, 656, and 843; in 1979, chapter 576; in 1980, chapter 412; in 1982, chapter 633; in 1984, chapters 675 and 689; in 2010, chapters 255 and 295; in 2022, chapters 671 and 672.
Code 1950, §§ 58-829, 58-830; 1960, c. 418; 1970, c. 325; 1974, c. 445; 1975, cc. 47, 541; 1978, cc. 178, 656, 843; 1979, c. 576; 1980, c. 412; 1982, c. 633; 1984, cc. 675, 689; 2010, cc. 255, 295; 2022, cc. 671, 672.