(A) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
RETAIL MERCHANT. Any person who sells to others at retail and not for resale.
RETAIL SALES. The sale of goods, wares and merchandise for any purpose other than resale.
WHOLESALE MERCHANTS. Any person with a definite place of business or store in the town who sells to others for resale or who sells at wholesale to institutional, commercial or industrial users.
(B) Taxes imposed. All wholesale merchants with a definite place of business or store in the town shall pay an annual license tax equal to $0.05 per $100.00 of purchases, but not less than $30.00. The local license tax imposed on a person engaged in retail sales in a permanent place of business within the town is $0.13 per $100.00 of gross receipts, but not less than $30.00.
(C) Conducting both wholesale and retail businesses. When a merchant conducts both a wholesale and a retail business, that person may elect to pay separate license taxes on the wholesale and retail parts of the business; provided, however, that any wholesale merchant who desires to do a retail business as well may elect to do so under a retailer’s license by paying the license taxes as a retailer on both the retail and wholesale business.
(1997 Code, § 18-72) (Ord. passed 5-31-1983)
Statutory reference:
Wholesale merchants, see VA Code, § 58.1-3716