Retail Sales and Use Tax; absorption and payment by seller. (SB147)

Introduced By

Sen. Walter Stosch (R-Glen Allen)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Sales and use tax; absorption and payment by seller. Permits any seller not to collect sales and use tax from the purchaser, and to absorb such tax himself. A dealer electing to absorb such taxes shall be liable for payment of such taxes to the Tax Commissioner in the same manner as he is for tax collected from a purchaser. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/04/2008Prefiled and ordered printed; offered 01/09/08 084622332
01/04/2008Referred to Committee on Finance
01/24/2008Impact statement from TAX (SB147)
01/29/2008Blank Action
01/29/2008Committee substitute printed 082918332-S1
01/29/2008Reported from Finance with substitute (8-Y 7-N 1-A) (see vote tally)
01/30/2008Impact statement from TAX (SB147S1)
01/30/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/31/2008Read second time
01/31/2008Motion to recommit to committee agreed to
01/31/2008Recommitted to Finance
01/31/2008Continued to 2009 in Finance

Duplicate Bills

The following bills are identical to this one: HB194.

Comments

Waldo Jaquith writes:

Lots of places already do exactly this; I can only assume that it's quite legal. Perhaps Del. Orrock's bill is more narrowly tailored than the title and summary describes it as?