2006 Code of Virginia § 13.1-311 - Taxation

13.1-311. Taxation.

Every cooperative association, society, company and exchange created underthe provisions of this article and every cooperative marketing association orcorporation and every general corporation that may be brought under theprovisions of this article, whether such association, society, company,exchange or corporation be organized or brought under this article prior orsubsequent to the date of the approval of this section and whether charteredunder the laws of this Commonwealth or otherwise chartered and doing businessin this Commonwealth, and conducting a mercantile, merchandise or brokeragebusiness on the cooperative plan shall be taxable as a merchant by theCommonwealth, and by the city or town within which such business is done.Nothing in this article shall exempt any such organization from any state orlocal merchant's license tax.

(1950, c. 365; 1956, c. 428.)