58.1-603 - Imposition of sales tax.
§ 58.1-603. Imposition of sales tax.
There is hereby levied and imposed, in addition to all other taxes and feesof every kind now imposed by law, a license or privilege tax upon everyperson who engages in the business of selling at retail or distributingtangible personal property in this Commonwealth, or who rents or furnishesany of the things or services taxable under this chapter, or who stores foruse or consumption in this Commonwealth any item or article of tangiblepersonal property as defined in this chapter, or who leases or rents suchproperty within this Commonwealth, in the amount of three and one-halfpercent through midnight on July 31, 2004, and four percent beginning on andafter August 1, 2004:
1. Of the gross sales price of each item or article of tangible personalproperty when sold at retail or distributed in this Commonwealth.
2. Of the gross proceeds derived from the lease or rental of tangiblepersonal property, where the lease or rental of such property is anestablished business, or part of an established business, or the same isincidental or germane to such business.
3. Of the cost price of each item or article of tangible personal propertystored in this Commonwealth for use or consumption in this Commonwealth.
4. Of the gross proceeds derived from the sale or charges for rooms, lodgingsor accommodations furnished to transients as set out in the definition of"retail sale" in § 58.1-602.
5. Of the gross sales of any services which are expressly stated as taxablewithin this chapter.
(Code 1950, § 58-441.4; 1966, c. 151; 1984, c. 675; 1986, Sp. Sess., c. 12;2004, Sp. Sess. I, c. 3.)