Retail Sales and Use Tax; exemptions include compensation to dealers. (HB579)
Introduced By
Del. John Cosgrove (R-Chesapeake)
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; compensation to dealers. Modifies the current formula that compensates dealers with a percentage of the sales and use tax they collect by including the local sales and use tax collected in the Northern Virginia Transportation District and the Hampton Roads Transportation District on motor vehicle repair services. Amends § 58.1-605 (“To what extent and under what conditions cities and counties may levy local sales taxes; collection thereof by Commonwealth and return of revenue to each city or county entitled thereto.”), § 58.1-606 (“To what extent and under what conditions cities and counties may levy local use tax; collection thereof by Commonwealth and return of revenues to the cities and counties.”), § 58.1-622 (“Discount.”), of the Code of Virginia. View Full Text »
