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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 24. Transportation and Motor Vehicles |
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Agency 20. Department of Motor Vehicles |
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Chapter 100. Virginia Motor Vehicle Rental Taxes and Fees Rules and Regulations |
Section 470. Exemption from the 3.0% motor vehicle sales and use tax
Latest version.
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Rental vehicles are exempt from the 3.0% motor vehicle sales and use tax which is normally levied on a motor vehicle at the time that it is first titled in Virginia. However, in order to qualify for this exemption, the vehicle must be held exclusively for rental as an established business, part of an established business, or incidental or germane to an established rental business, at the time that it is first required to be titled in Virginia. An exemption form must be filed with the department verifying that the vehicle is so held.
Historical Notes
Derived from VR485-60-8701 § 7, eff. January 1, 1987.