2014 Virginia Code
Title 58.1 - Taxation
§ 58.1-3508.1. Separate classification of machinery and tools used in semiconductor manufacturing
Machinery and tools used in semiconductor manufacturing shall constitute a classification for local taxation separate from other classifications of machinery and tools as defined in ยง 58.1-3507. The governing body of any county, city or town may levy a tax on such classification of property at a different rate from the tax levied on other machinery and tools. The rate of tax and the rate of assessment shall not exceed that applicable generally to machinery and tools.
1996, c. 971; 1997, c. 77.
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