§ 58.1-3508.1. Separate classification of machinery and tools used in semiconductor manufacturing
Machinery and tools used in semiconductor manufacturing shall constitute a classification for local taxation separate from other classifications of machinery and tools as defined in § 58.1-3507. The governing body of any county, city or town may levy a tax on such classification of property at a different rate from the tax levied on other machinery and tools. The rate of tax and the rate of assessment shall not exceed that applicable generally to machinery and tools.
(1996, c. 971; 1997, c. 77.)
Sections: Previous 58.1-3506.4 58.1-3506.5 58.1-3506.6 58.1-3506.7 58.1-3506.8 58.1-3507 58.1-3508 58.1-3508.1 58.1-3508.2 58.1-3509 58.1-3510 58.1-3510.01 58.1-3510.1 58.1-3510.2 58.1-3510.3 NextLast modified: April 16, 2009