CHAPTER 239

An Act to amend the Code of Virginia by adding sections numbered
58-881.1 and 58-881.2, to provide for local taxation of certain tangible
personal property.

fH 240]

Approved March 11, 1960

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding sections numbered
58-831.1 and 58-831.2 as follows:

§ 58-831.1. The aggregate of all tangible personal property owned
by any person, firm, association, company not incorporated or corporation
which is leased by such owner to any agency of the federal government
shall be subject to local taxation.

§ 58-831.2. Any person, firm, association, company not incorporated
or corporation engaged in business for profit who or which leases any
tangible personal property to be used in such business from any agency
of the federal government shall be liable to local taxation on the aggregate
value thereof.