58.1-3506.1 - Other classification for taxation of certain tangible personal property owned by certain elderly and handicapped persons. - Virginia Statutes

§ 58.1-3506.1. Other classification for taxation of certain tangible personalproperty owned by certain elderly and handicapped persons.

The governing body of any county, city or town may, by ordinance, levy a taxon one motor vehicle owned and used primarily by or for anyone at least 65years of age or anyone found to be permanently and totally disabled, asdefined in § 58.1-3506.3, at a different rate from the tax levied on othertangible personal property, upon such conditions as the ordinance mayprescribe. Such rate shall not exceed the tangible personal property tax onthe general class of tangible personal property. For purposes of thisarticle, the term motor vehicle shall include only automobiles and pickuptrucks. Any such motor vehicle owned by a husband and wife may qualify ifeither spouse is 65 or over or if either spouse is permanently and totallydisabled. Notwithstanding any other provision of this section or article, forany automobile or pickup truck that is (i) a qualifying vehicle, as such termis defined in § 58.1-3523, and (ii) assessed for tangible personal propertytaxes by a county, city, or town receiving a payment from the Commonwealthunder Chapter 35.1 of this title for providing tangible personal property taxrelief, the rate of tax levied pursuant to this article shall not exceed therates of tax and rates of assessment required under such chapter.

(1991, c. 646; 2004, Sp. Sess. I, c. 1.)