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(b) When any taxable property loses its situs within the city or its title is transferred to a new owner, the taxpayer shall from that time be relieved from personal property tax on such taxable property on a prorated basis. The taxpayer is entitled to receive a credit for taxes already paid towards taxable property newly transferred to the taxpayer, or a credit against any property taxes outstanding against the taxpayer on a prorated basis. If there be no tax liability against which the credit can apply, the commissioner of the revenue shall apply to the director of finance for a refund which can be made without further city council action. No refunds will be paid while the owner of the taxable property has any delinquent tax account with, or liability to, the city. The provisions of this section shall not apply to any taxable property which acquires a situs within the Commonwealth in a non-prorating locality. 4. That Section 35-406 of the Code of the City of Portsmouth, Virginia, 1988, be amended to read as follows: Section 35-406. Definitions. Person. The word "person" means partnerships and bodies corporate as well as individuals, and for purposes of this article shall include officers, employees, and members of any partnership and body corporate, or who are under a duty to perform any act required by this article. 5. That Section 35-9 of the Code of the City of Portsmouth, Virginia, 1988, be amended by adding thereto paragraph (g). Section 35-9. Proration of tax on motor vehicles, trailers and boats. (g) Any person who moves to the city from a non-prorating locality in a single tax year shall be entitled to a property tax credit from the city if (i) the person was liable for personal property taxes on a motor vehicle and has paid those taxes to a non-prorating locality and (ii) the owner replaces for any reason the original vehicle upon which taxes are due to the non-prorating locality for the same tax year. The city shall provide a credit against the total tax due on the replacement vehicle in an amount equal to the tax paid to the non-prorating locality for the period of time commencing with the disposition of the original vehicle and continuing through the close of the tax year in which the owner incurred tax liability to the non-prorating locality for the original vehicle.