Va. Code § 58.1-3704

Current with changes from the 2024 legislative session through ch. 845

Section 58.1-3704 - License tax on merchants in lieu of merchants' capital tax

Whenever any county, city or town imposes a license tax on merchants, the same shall be in lieu of a tax on the capital of merchants, as defined by § 58.1-3509; however, no county, city or town shall be required to impose either a license tax on merchants or a tax on the capital of merchants. The prohibition under this section shall not extend to short-term rental property as defined under § 58.1-3510.4.

Code 1950, § 58-266.1; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568, 570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558, 633; 1983, c. 554; 1984, cc. 247, 675, 695; 1999, c. 200; 2010, cc. 255, 295.

Amended by Acts 2010, § cc. 255, 295.

Amended by Acts 1999, § c. 200.

Amended by Acts 1984, § cc. 247, 675, 695.

Amended by Acts 1983, § c. 554.

Amended by Acts 1982, § cc. 348, 548, 552, 554, 558, 633.

Amended by Acts 1981, § cc. 419, 636.

Amended by Acts 1980, § cc. 318, 736.

Amended by Acts 1979, § cc. 565, 568, 570.

Amended by Acts 1978, § cc. 772, 799, 817.

Amended by Acts 1977, § c. 320.

Amended by Acts 1976, § cc. 521, 719.

Amended by Acts 1975, § cc. 23, 621.

Amended by Acts 1974, § cc. 196, 438.

Amended by Acts 1970, § cc. 231, 547.

Amended by Acts 1968, § c. 619.

Amended by Acts 1964, § c. 424.

Amended by Acts 1956, § c. 242.

Amended by Acts 1950, § p. 155.