Defined and segregated for local taxation (§ 58.1-3500)—Virginia Decoded

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. Such tangible personal property is hereby segregated for and made subject to local taxation only pursuant to Article X, Section 4 of the Constitution of Virginia.

History

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.

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Court Decisions

City of Winchester v. American Woodmark (SCV, 11/03/95)
. . . local taxation under the provisions of Code § 58.1-3500. In response, the City asserted that . . .

Coca-Cola Bottling v. County of Botetourt (SCV, 03/03/00)
. . . sales business is assessed by localities. Code § 58.1-3500 (all tangible personal property taxed by . . .

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Amendment Attempts

SB355: Short-term rental property; shall classify as a separate classification of merchants' capital. (passed)

SB962: Income and receipts taxes on public service corporations; authorizing localities. (failed)

HB791: Data centers; center fixtures are taxed as part of the real property where they are located, etc. (passed)

SB513: Data centers; center fixtures are taxed as part of the real property where they are located, etc. (passed)