Sales and Use Tax; accelerated payments. (SB746)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Accelerated sales and use tax payments. Prohibits any requirement that a dealer remit accelerated sales and use tax payments, except as provided in a general appropriation act under the following circumstances: (i) if payments are required for dealers with sales of $15 million or less, such threshold may only be reduced by 10 percent the next year; (ii) if the Department of Taxation fails to notify dealers that accelerated payments are due at least nine months in advance, no penalty or interest may be assessed for late payments; and (iii) no penalty or interest may be assessed on a dealer subject to an accelerated payment due to a lowered threshold in the calendar year. If such accelerated payment is required in an appropriation act, a dealer may only be required to pay 90 percent of the dealer's sales and use tax liability for the previous June. The Department shall provide an online application for a dealer to apply for a hardship waiver. The bill prohibits requiring accelerated payments after June 30, 2020. Read the Bill »


01/23/2018: Failed to Pass in Committee


01/10/2018Prefiled and ordered printed; offered 01/10/18 18103544D
01/10/2018Referred to Committee on Finance
01/19/2018Impact statement from TAX (SB746)
01/20/2018Impact statement from TAX (SB746)
01/23/2018Continued to 2019 in Finance (15-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB1339.