58.1-3508.2 - Separate classification of machinery and tools used in other businesses. - Virginia Statutes

§ 58.1-3508.2. Separate classification of machinery and tools used in otherbusinesses.

Heavy construction machinery, including but not limited to land movers,bulldozers, front-end loaders, graders, packers, power shovels, cranes, piledrivers, forest harvesting and silvicultural activity equipment and ditch andother types of diggers owned by businesses other than those set forth in §§58.1-3507, 58.1-3508, and 58.1-3508.1 shall constitute a classification forlocal taxation separate from other classifications of tangible property. Therate of tax imposed by a county, city, or town on such machinery and toolsshall not exceed the rate imposed upon the general class of tangible personalproperty.

(2005, c. 357.)