2006 Code of Virginia § 58.1-3510.01 - Separate classification of merchants\' capital of pharmaceutical wholesalers
58.1-3510.01. Separate classification of merchants' capital ofpharmaceutical wholesalers.
Merchants' capital reported as inventory of pharmaceutical wholesalers shallconstitute a classification for local taxation separate from otherclassifications of merchants' capital as defined in 58.1-3510. Thegoverning body of any county, city or town may levy a tax on such inventoryat different rates from the tax levied on other merchants' capital. The ratesof tax and the rates of assessment shall not exceed that applicable generallyto merchants' capital.
(1997, c. 71.)
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