23VAC10-210-350: Commercial watermen; definitions; general provisions

A. The following terms, when used in 23VAC10-210-350 through 23VAC10-210-353, shall have the following meanings, unless the context clearly indicates otherwise:

"Boat" means any vessel used for marine transportation other than a watercraft as defined in § 58.1-1401 of the Code of Virginia.

"Commercial fishing activity" means the business of extracting fish, bivalves, or crustaceans from waters for sale or resale.

"Commercial waterman" or "commercial watermen" means a person or persons who regularly engage in a commercial fishing activity.

"Directly used" means those items that are both indispensable to a commercial fishing activity and which are used immediately in the commercial fishing activity.

B. A commercial waterman's purchase of a boat, motor, machinery, tools, repair parts, fuel, or supplies, including, but not limited to, paint or other materials used to recondition a boat, for use in a commercial fishing activity is exempt from the tax.