§ 40-246. Levied; amount.

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There is hereby imposed and levied a tax upon short-term rental property in an amount of one (1) percent of the gross proceeds of any person engaged in the short-term rental business. Gross proceeds shall mean the total amount charged to each person for the rental of short-term rental property, excluding any state and local sales tax paid under the provisions of Chapter 6 of Title 58.1, Taxation, of the Code of Virginia, 1950, as amended. The imposition and collection of a short-term rental property tax shall be in lieu of taxation of such rental property as tangible business personal property in the same tax year.

(Ord. No. 3887-89, § 1; Ord. No. 6611-09, § 1)

(Ord. No. 3887-89, § 1; Ord. No. 6611-09, § 1)

                    
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