Retail Sales and Use Tax; exemptions include certain school-related items. (HB131)
Introduced By
Del. John Cosgrove (R-Chesapeake) with support from 21 copatrons, whose average partisan position is:
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Sales and use tax exemption; school supplies, clothing and footwear, and computers. Provides a sales and use tax exemption, beginning in 2006, for certain school supplies, clothing and footwear, and computers purchased during a 10-day period each year beginning on the first Friday in August. The bill also authorizes dealers to absorb the sales and use tax on all other items sold during the same time period and thereby relieve the purchasers of the obligation to pay such tax. Dealers who absorb such taxes are liable for payment of the same to the Tax Commissioner. Amends § 58.1-611.2 (“Limited exemption for certain school supplies, clothing, and footwear.”), § 58.1-625 (“(Effective until July 1, 2012) Collection of tax.”), § 58.1-626 (“(Effective until July 1, 2012) Absorption of tax prohibited.”), of the Code of Virginia. View Full Text »
