{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/58.1-3510.01.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/58.1-3510.01.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/58.1-3510.01.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/58.1-3510.01.html"}],"law_id":371863,"edition_id":2,"section_id":371863,"structure_id":52926,"section_number":"58.1-3510.01","catch_line":"Separate classification of merchants’ capital of pharmaceutical wholesalers","history":"1997, c. 71.","full_text":"Merchants’ capital reported as inventory of pharmaceutical wholesalers shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510. The governing body of any county, city or town may levy a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.\n\n","order_by":null,"text":{"0":{"id":1386554,"text":"Merchants’ capital reported as inventory of pharmaceutical wholesalers shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510. The governing body of any county, city or town may levy a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52926,"edition_id":2,"name":"Merchants' Capital Tax","identifier":"3","label":"article","depth":4,"order_by":4,"parent_id":52922,"metadata":{"child_laws":5,"child_structures":0},"date_created":"2026-08-02 03:08:16","date_modified":"2026-08-02 12:36:12","permalink":{"id":1484835,"object_type":"structure","relational_id":52926,"identifier":"3","token":"58.1\/III\/35\/3","url":"\/58.1\/III\/35\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52922,"edition_id":2,"name":"Tangible Personal Property, Machinery and Tools and Merchants' Capital","identifier":"35","label":"chapter","depth":3,"order_by":4,"parent_id":52890,"metadata":{"child_laws":47,"child_structures":8},"date_created":"2026-08-02 03:08:12","date_modified":"2026-08-02 12:36:12","permalink":{"id":1484735,"object_type":"structure","relational_id":52922,"identifier":"35","token":"58.1\/III\/35","url":"\/58.1\/III\/35\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52890,"edition_id":2,"name":"Local Taxes","identifier":"III","label":"subtitle","depth":2,"order_by":4,"parent_id":52815,"metadata":{"child_laws":618,"child_structures":70},"date_created":"2026-08-02 03:07:22","date_modified":"2026-08-02 12:36:07","permalink":{"id":1483461,"object_type":"structure","relational_id":52890,"identifier":"III","token":"58.1\/III","url":"\/58.1\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52815,"edition_id":2,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":125,"parent_id":null,"metadata":{"child_laws":1793,"child_structures":194},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1478961,"object_type":"structure","relational_id":52815,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":371861,"structure_id":52926,"section_number":"58.1-3509","catch_line":"Merchants' capital subject to local taxation; rate limit","url":"\/58.1-3509\/","token":"58.1\/III\/35\/3\/58.1-3509","metadata":false},{"id":371870,"structure_id":52926,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","url":"\/58.1-3510\/","token":"58.1\/III\/35\/3\/58.1-3510","metadata":false},{"id":371863,"structure_id":52926,"section_number":"58.1-3510.01","catch_line":"Separate classification of merchants' capital of pharmaceutical wholesalers","url":"\/58.1-3510.01\/","token":"58.1\/III\/35\/3\/58.1-3510.01","metadata":false},{"id":371864,"structure_id":52926,"section_number":"58.1-3510.02","catch_line":"Separate classification of certain merchants' capital of wholesalers and retailers","url":"\/58.1-3510.02\/","token":"58.1\/III\/35\/3\/58.1-3510.02","metadata":false},{"id":371865,"structure_id":52926,"section_number":"58.1-3510.1","catch_line":"Repealed","url":"\/58.1-3510.1\/","token":"58.1\/III\/35\/3\/58.1-3510.1","metadata":false}],"previous_section":{"id":371870,"structure_id":52926,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","url":"\/58.1-3510\/","token":"58.1\/III\/35\/3\/58.1-3510","metadata":false},"next_section":{"id":371864,"structure_id":52926,"section_number":"58.1-3510.02","catch_line":"Separate classification of certain merchants' capital of wholesalers and retailers","url":"\/58.1-3510.02\/","token":"58.1\/III\/35\/3\/58.1-3510.02","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3510.01\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapter 71<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":371870,"section_number":"58.1-3510","catch_line":"Definition of merchants' capital","order_by":null,"url":"\/58.1-3510\/"}],"permalink":{"id":1484845,"object_type":"law","relational_id":371863,"identifier":"58.1-3510.01","token":"58.1\/III\/35\/3\/58.1-3510.01","url":"\/58.1-3510.01\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/58.1-3510.01\/","token":"58.1\/III\/35\/3\/58.1-3510.01","dublin_core":{"Title":"Separate classification of merchants’ capital of pharmaceutical wholesalers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3510.01","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Merchants’ capital reported as inventory of pharmaceutical wholesalers shall constitute a classification for local taxation separate from other classifications of merchants’ capital as defined in \u00a7 58.1-3510<\/a>. The governing body of any county, city or town may levy<\/span> a tax on such inventory at different rates from the tax levied on other merchants’ capital. The rates of tax and the rates of assessment shall not exceed that applicable generally to merchants’ capital.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSEPARATE CLASSIFICATION OF MERCHANTS’ CAPITAL OF PHARMACEUTICAL\nWHOLESALERS (\u00a7 58.1-3510.01)\n\nMerchants’ capital reported as inventory of pharmaceutical wholesalers\nshall constitute a classification for local taxation separate from other\nclassifications of merchants’ capital as defined in \u00a7 58.1-3510. The\ngoverning body of any county, city or town may levy a tax on such inventory at\ndifferent rates from the tax levied on other merchants’ capital. The rates\nof tax and the rates of assessment shall not exceed that applicable generally to\nmerchants’ capital.\n\nHISTORY: 1997, c. 71.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}