Va. Code § 58.1-3514: When cargo in transit not deemed to have acquired a situs for taxation

Cargo, merchandise and equipment in transit which is stored, located or housed temporarily in a marine or airport terminal prior to being transported by vessels or aircraft to a point outside the Commonwealth, shall not acquire a situs for property taxation by the Commonwealth or any of its counties, cities or towns.Code 1950, § 58-834.3; 1983, c. 225; 1984, c. 675.