§ 58.1-3510.1. Daily rental property tax
A. The governing body of any county, city or town may levy a tax in an amount not to exceed one percent, in addition to the tax levied pursuant to § 58.1-605, on the gross proceeds of any person engaged in the short-term rental business as defined in § 58.1-3510. "Gross proceeds" means the total amount charged to each person for the rental of daily rental property, excluding any state and local sales tax paid under the provisions of Chapter 6 (§ 58.1-600 et seq.) of this title.
B. Any person engaged in the short-term rental business as defined in § 58.1-3510 shall collect the rental tax from the lessee of the daily rental property at the time of the rental. The lessor of the daily rental property shall transmit a quarterly return to the commissioner of the revenue of the county, city or town wherein the tax is collected, indicating the gross proceeds derived from the short-term rental business. The commissioner of the revenue shall assess the tax due, and the treasurer or director of finance shall collect the daily rental property tax.
C. Notwithstanding the provisions of subsection B, no tax shall be collected or assessed on (i) rentals by the Commonwealth, any political subdivision of the Commonwealth or the United States or (ii) any rental of durable medical equipment as defined in subdivision 10 of § 58.1-609.10.
(1989, c. 589; 1990, c. 164; 1993, c. 310; 2003, cc. 757, 758.)
Sections: Previous 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 58.1-3515 NextLast modified: April 16, 2009