Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-1608
Exemptions
# A.
The tax levied by this chapter shall not apply to individual owners of timber who occasionally sever or cut such timber from their own premises. Such owners, however, in order to qualify for the exemption must use the timber in the construction or repair of their own structures, buildings, or improvements, or for their home consumption, or in the processing of their own farm products.
# B.
The tax imposed by this chapter shall apply to any forest products severed from land owned either by this Commonwealth or the United States, where the forest products severed enter commercial channels of trade for competitive markets. Such tax shall not apply to forest products severed from land owned by this Commonwealth and used by state educational institutions for experimentation in and teaching of forestry where severance is necessary for or incidental to such experimentation and teaching.
Source: view the official text
Nearby sections (25 sections)
- 58.1-1507 · Election by commercial dealer; revocation; eligibility
- 58.1-1508 · Retention of documents; examination by Commissioner
- 58.1-1509 · Disposition of funds
- 58.1-1510 · Civil penalties
- 58.1-1600 · Short title
- 58.1-1601 · Definitions
- 58.1-1602 · Levy of tax for forest conservation
- 58.1-1603 · Lien
- 58.1-1604 · Tax rates
- 58.1-1605 · Alternative for rates
- 58.1-1606 · Optional rates for certain manufacturers and severers
- 58.1-1607 · Limitation on tax for certain manufacturers taxable under §…
- 58.1-1608 · Exemptions
- 58.1-1609 · Payment, collection, and disposition of tax
- 58.1-1610 · Alternative payment, collection and disposition of tax
- 58.1-1611 · Allocation of tax to localities
- 58.1-1612 · Returns to be filed by manufacturer and severers; time of…
- 58.1-1615 · When Department may make return for delinquent taxpayer;…
- 58.1-1616 · Absconding taxpayer
- 58.1-1617 · Records to be kept
- 58.1-1618 · Penalty for failure to make return, keep records, or permit…
- 58.1-1619 · Penalty and interest for failure to pay tax when due
- 58.1-1620 · Refunds and deficiency payments; penalty for deficiency
- 58.1-1621 · Proceedings in case of previous incorrect payments
- 58.1-1622 · Repealed