§ 58.1-3509. Merchants' capital subject to local taxation; rate limit
The capital of merchants is segregated for local taxation only; however, no county, city or town shall be required to impose a tax on such capital. However, no rate or assessment ratio in any county, city or town for merchants' capital shall be greater than such rate and ratio as was in effect in such county, city or town on January 1, 1978.
(Code 1950, §§ 58-266.1, 58-832; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568, 570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558, 633; 1983, c. 554; 1984, cc. 247, 675, 695; 1999, c. 200.)
Sections: Previous 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 58.1-3511 58.1-3512 NextLast modified: April 3, 2009