{"data":{"id":"us-va/va.-code-58.1-3704","jurisdiction":"us-va","citation":"Va. Code § 58.1-3704","heading":"License tax on merchants in lieu of merchants' capital tax","body":"Whenever any county, city or town imposes a license tax on merchants, the same shall be in lieu of a tax on the capital of merchants, as defined by § 58.1-3509; however, no county, city or town shall be required to impose either a license tax on merchants or a tax on the capital of merchants. The prohibition under this section shall not extend to short-term rental property as defined under § 58.1-3510.4.Code 1950, § 58-266.1; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c. 619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc. 521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, cc. 565, 568, 570; 1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558, 633; 1983, c. 554; 1984, cc. 247, 675, 695; 1999, c. 200; 2010, cc. 255, 295.","path":["Title 58.1. TAXATION","Subtitle III. LOCAL TAXES","Chapter 37. LICENSE TAXES"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-3704/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"a64ab53791a082d19c948d4caf3ed7a0dbdba4cf535e49c1dafe42e09b32ad55","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-3703.2","next":"us-va/va.-code-58.1-3705"},"notice":"GroundRules: Original legal text. Not legal advice."}