Code of Virginia - Title 58.1 Taxation - Section 58.1-3514 When cargo in transit not deemed to have acquired a situs for taxation

§ 58.1-3514. When cargo in transit not deemed to have acquired a situs for taxation

Cargo, merchandise and equipment in transit which is stored, located or housed temporarily in a marine or airport terminal prior to being transported by vessels or aircraft to a point outside the Commonwealth, shall not acquire a situs for property taxation by the Commonwealth or any of its counties, cities or towns.

(Code 1950, § 58-834.3; 1983, c. 225; 1984, c. 675.)

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Last modified: April 3, 2009