An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1962 |
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Law Number | 131 |
Subjects |
Law Body
CHAPTER 131
An Act to amend and reenact § 58-413,as amended, of the Code of Virginia,
exempting certain businesses and professions from @ tax on capital,
so as to exempt industrial development corporations. tH 25]
Approved February 27, 1962
Be it enacted by the General Assembly of Virginia:
1. That § 58-413, as amended, of the Code of Virginia, be amended and
reenacted as follows:
58-418. § 58-418 shall not be construed to apply to any profession
which the State regulates by law, nor shall it be construed to apply to in-
dustrial development corporations organized pursuant to the terms of
§§ 18.1-140 through 18.1-155, nor shall it be construed to include the busi-
ness of farming, which business of farming includes the propagating and
growing and the selling and planting, as an incident to the sale, of ever-
greens, shade trees, shrubs and all other nursery products, ornamental and
otherwise, grown by the seller. Property used or employed in such pro-
fessions, and by such industrial development corporations, and in the busi-
ness of farming, shall be taxable in the actual form in which it may be and
not as capital.
2. This section, as hereby amended, shall apply to the tax year nineteen
hundred and sixty-two and to every tax year thereafter until otherwise
provided by law.