2006 Code of Virginia § 58.1-3514 - When cargo in transit not deemed to have acquired a situs for taxation
58.1-3514. When cargo in transit not deemed to have acquired a situs fortaxation.
Cargo, merchandise and equipment in transit which is stored, located orhoused temporarily in a marine or airport terminal prior to being transportedby vessels or aircraft to a point outside the Commonwealth, shall not acquirea situs for property taxation by the Commonwealth or any of its counties,cities or towns.
(Code 1950, 58-834.3; 1983, c. 225; 1984, c. 675.)
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