CHAPTER 679
An Act relating to the taxation of certain poultry and livestock producers.
Be it enacted by the General Assembly of Virginia:

1. Any person, firm or corporation who or which enters into contracts
with farmers for the production of poultry or livestock under which
contracts such person, firm or corporation furnishes the poultry or live-
stock and feed and other supplies therefor and assumes all financial risks,
including all losses in the growing and marketing of such poultry or live-
stock, shall be taxable on the capital of such business under § 58-410 and
not as a merchant; provided, however, that such poultry and livestock
shall not be included in such capital but shall be assessable locally as
tangible personal property. | .