§ 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, thesame 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 imposeeither a license tax on merchants or a tax on the capital of merchants. Theprohibition under this section shall not extend to short-term rental propertyas 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.)
§ 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, thesame 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 imposeeither a license tax on merchants or a tax on the capital of merchants. Theprohibition under this section shall not extend to short-term rental propertyas 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.)
§ 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, thesame 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 imposeeither a license tax on merchants or a tax on the capital of merchants. Theprohibition under this section shall not extend to short-term rental propertyas 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.)
