A. Any watercraft sold to or used by the United States or any of the governmental
agencies thereof or the Commonwealth of Virginia or any political subdivision thereof
or sold to an insurance company for the sole purpose of disposition when such insurance
company has paid the registered owner of such watercraft on a total loss claim shall
be exempt from the tax imposed by this chapter.
B. Any person who was the owner of a watercraft that was not required to be titled
prior to January 1, 1998, shall apply for a title for such watercraft without incurring
liability for the tax imposed under this chapter.
C. Any watercraft constructed by a commercial waterman for his own use shall be exempt
from the tax imposed under this chapter.
E. Any watercraft purchased by and for the use of a volunteer fire department or volunteer
emergency medical services agency not conducted for profit shall be exempt from the
tax imposed under this chapter.
F. Any watercraft transferred to trustees of a revocable inter vivos trust, when the
owners of the watercraft and the beneficiaries of the trust are the same persons,
regardless of whether other beneficiaries may also be named in the trust instrument,
or transferred by trustees of such a trust to beneficiaries of the trust following
the death of the grantor, when no consideration has passed between the grantor and
the beneficiaries in either case, shall be exempt from the tax imposed under this
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