2006 Code of Virginia § 58.1-3510.1 - Daily rental property tax

58.1-3510.1. Daily rental property tax.

A. The governing body of any county, city or town may levy a tax in an amountnot to exceed one percent, in addition to the tax levied pursuant to 58.1-605, on the gross proceeds of any person engaged in the short-termrental business as defined in 58.1-3510. "Gross proceeds" means the totalamount charged to each person for the rental of daily rental property,excluding any state and local sales tax paid under the provisions of Chapter6 ( 58.1-600 et seq.) of this title.

B. Any person engaged in the short-term rental business as defined in 58.1-3510 shall collect the rental tax from the lessee of the daily rentalproperty at the time of the rental. The lessor of the daily rental propertyshall transmit a quarterly return to the commissioner of the revenue of thecounty, city or town wherein the tax is collected, indicating the grossproceeds derived from the short-term rental business. The commissioner of therevenue shall assess the tax due, and the treasurer or director of financeshall collect the daily rental property tax.

C. Notwithstanding the provisions of subsection B, no tax shall be collectedor assessed on (i) rentals by the Commonwealth, any political subdivision ofthe Commonwealth or the United States or (ii) any rental of durable medicalequipment as defined in subdivision 10 of 58.1-609.10.

(1989, c. 589; 1990, c. 164; 1993, c. 310; 2003, cc. 757, 758.)