Retail sales and use tax; exemptions for tangible personal property used for public improvements. Exempts from retail sales and use tax any tangible personal property reasonably necessary for use or consumption by a contractor in connection with a contract with the Commonwealth, any political subdivision of the Commonwealth, or the United States to make public improvements to real property owned by such governmental entity or real property to which title shall pass to the governmental entity upon completion of such contract.

Statutes affected:
Introduced: 15.2-4219, 58.1-609.1, 58.1-610