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Virginia Code Title 58.1. Taxation § 58.1-3509. Merchants' capital subject to local taxation; rate limit

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Virginia Code Title 58.1. Taxation § 58.1-3509. Merchants' capital subject to local taxation; rate limit - last updated January 01, 2025 | https://codes.findlaw.com/va/title-58-1-taxation/va-code-sect-58-1-3509/

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