23 VAC Title 23 Agency 10 — Virginia Tax Regulations
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.
Source: view the official text
Nearby sections (25 sections)
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- 10-210-310 · Churches
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- 10-210-330 · (Repealed.)
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- 10-210-352 · (Repealed.)
- 10-210-353 · (Repealed.)
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