CHAPTER 241

An Act to amend and reenact § 58-418 of the Code of Virginia, exempt-
ing certain businesses and professions from a tax on capital so as to
exempt certain other businesses.

(H 271]

Approved March 6, 1956
Be it enacted by the General Assembly of Virginia:

L i That § 58-413-of the Code of Virginia be amended and reenacted as
ollows:
§ 58-418. § 58-418 shall not be construed to apply to any profes-
sion which the State regulates by law, nor shall it be construed to include
the business of farming, which business of farming includes the propagat-
ing and growing and the selling and planting, as an incident to the sale,
of evergreens, shade trees, shrubs and all other nursery products, orna-
mental and otherwise, grown by the seller. Property used or employed in
such professions and in the business of farming, shall be taxable in the
actual form in which it may be and not as capital.