CODE OF VIRGINIA

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

Section 58.1-1100 shall not be construed to apply (i) to any profession which
the Commonwealth regulates by law, (ii) to industrial development corporations
organized pursuant to the terms of §§ 13.1-981 through 13.1-998, or (iii) to
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.