The following shall constitute a classification separate from other classifications
of tangible personal property and be taxed at the rate of $1.00 on every $100.00 of
assessed value thereof: equipment used primarily for research, development, production,
or provision of biotechnology for the purpose of developing or providing products
or processes for specific commercial or public purposes, including, but not limited
to, medical, pharmaceutical, nutritional, and other health-related purposes, agricultural
purposes, or environmental purposes, but not for human cloning purposes as defined
in § 32.1-162.21 of the Code of Virginia or for products or purposes related to human
embryo stem cells. For purposes of this section, biotechnology equipment means equipment
directly used in activities associated with the science of living things.
(Ord. of 10-9-02, § 1)
