§ 58.1-3510.01. Separate classification of merchants' capital of pharmaceutical wholesalers
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 § 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.
(1997, c. 71.)
Sections: Previous 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 58.1-3513 58.1-3514 NextLast modified: April 16, 2009