58.1-3000 - Real estate, mineral lands, tangible personal property and merchants' capital subject to local taxation only.
§ 58.1-3000. Real estate, mineral lands, tangible personal property andmerchants' capital subject to local taxation only.
All taxable real estate, all taxable coal and other mineral lands, and alltaxable tangible personal property and the tangible personal property ofpublic service corporations, except rolling stock of corporations operatingrailroads, and also the capital of merchants are hereby segregated and madesubject to local taxation only.
(Code 1950, § 58-9; 1971, Ex. Sess., c. 33; 1984, c. 675.)