Code of Virginia (Last Updated:July 28, 2020) |
TITLE 58.1. Taxation |
SUBTITLE III. Local Taxes |
CHAPTER 35. Tangible Personal Property, Machinery and Tools and Merchants' Capital |
ARTICLE 1. Tangible Personal Property Tax |
SECTION 58.1-3501. Tangible personal property leased to agency of federal, state or local government |
SECTION 58.1-3501. Tangible personal property leased to agency of federal, state or local government
The aggregate of all tangible personal property owned by any person, firm, association, unincorporated company, or corporation which is leased by such owner to any agency or political subdivision of the federal, state or local governments shall be subject to local taxation. Code 1950, § 58-831.1; 1960, c. 239; 1975, c. 504; 1984, c. 675. |