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Home / Opinion Digests / Court Upholds 25-Percent Local Machinery Tax (access required)

Court Upholds 25-Percent Local Machinery Tax (access required)

A divided Supreme Court of Virginia upholds a commissioner of revenue’s figures for taxation of appellant refin­ery’s machinery and tools for the coun­ty’s machinery and tools tax under Va. Code § 58.2-3507(A), using a figure of 25 percent of original cost; dissenting justices say the 25 percent figure is ar­bitrary and unsupported. Local tax Under Va. ...