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2000 SESSION

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HB 545 Tangible personal property tax; classification for valuation purposes.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tangible personal property tax; classification for valuation purposes. Provides that the basis for tangible personal property tax on automobiles shall not exceed the purchase price, less applicable depreciation percentages, for a taxpayer who purchases an automobile from a Virginia motor vehicle dealer in an arm's length transaction.


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