Virginia State Tax Rulings
Free plain-English summaries of state tax letter rulings and advisory opinions issued in Virginia, with full citations and the original source on every page.
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Did a taxpayer's lower appraisal overturn a county's business tangible personal property valuation?
No. Both sides submitted professional appraisals, but appraisal differences were subjective and the county's assessment was presumed correct. The county had exercised due diligence by hiring an outsid…
What Virginia tax underpayment and refund interest rates applied during the third quarter of 2007?
Virginia's third-quarter 2007 rate remained 10% for tax underpayments and 10% for overpayments. The federal rates were 8%, and Virginia added two percentage points. For taxpayers whose year ended June…
Was a church trustee's musical equipment exempt from local business tangible personal property tax when it was also used in a band business?
No. Although a duly designated church trustee could be treated as holding property for the church, the exemption required exclusive charitable, religious, or educational use. The taxpayer also used an…
What Virginia tax underpayment and refund interest rates applied during the second quarter of 2007?
Virginia's April 1-June 30, 2007 rates remained 10% for tax underpayments and assessments and 10% for tax overpayments and refunds. The corresponding federal rates were 8%, and Virginia added two perc…
Did a manufacturer's stock sale restart local machinery-and-tools depreciation, and how should an accepted reappraisal affect value?
No. A stock sale changed shareholders but did not transfer the manufacturer's machinery, so the assets kept their original acquisition ages. After the county accepted an outside appraisal, adjusted or…
What Virginia tax underpayment and refund interest rates applied during the first quarter of 2007?
Virginia's January 1-March 31, 2007 rates remained 10% for tax underpayments and assessments and 10% for tax overpayments and refunds. The corresponding federal rates were 8%, and Virginia added two p…
Were a leased restaurant's stainless-steel tables, panels, guards, and door window real-property fixtures or taxable business property?
Virginia upheld the county's classification and denied the refund. The restaurant did not plainly show that the disputed stainless-steel items were intended as permanent fixtures. Under the lease, lan…
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These are official tax letter rulings and advisory opinions issued by Virginia's revenue authority in response to questions from specific taxpayers about how the tax law applies to their facts. A ruling is binding on the department only for the taxpayer who requested it and cannot be relied on by anyone else, but it is strong evidence of how the state reads the law. Every ruling above has a plain-English question and short answer, plus a link to the full original source.