{"law_id":"775895","section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","history":"Code 1950, \u00a7 58-685.30; 1974, c. 431; 1975, c. 424; 1977, c. 396; 1984, c. 675.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/58.1-1507\/","refers_to":[{"id":"793814","section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/"}],"url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507","structure":{"1":{"id":"2134","name":"Virginia Aircraft Sales And Use Tax","identifier":"15","label":"chapter","url":"\/58.1\/I\/15\/"},"2":{"id":"2","name":"Taxes Administered By The Department Of Taxation","identifier":"I","label":"subtitle","url":"\/58.1\/I\/"},"3":{"id":"1","name":"Taxation","identifier":"58.1","label":"title","url":"\/58.1\/"}},"referred_to_by":false,"edition_id":"11","section_id":"775895","structure_id":"2134","full_text":"Any person holding a commercial dealer’s license issued by the Department of Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7 58.1-1502 shall notify the Commissioner in writing of such election. The election may be made at or before the time for filing a return as required by \u00a7 58.1-1506.An election shall be revocable only by permission of the Commissioner. Upon revocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7 58.1-1502 shall immediately become due and payable. Any person who so revokes an election shall be ineligible to make an election under this section for two years following such revocation.","text":{"0":{"id":"2501935","text":"Any person holding a commercial dealer’s license issued by the Department of Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7 58.1-1502 shall notify the Commissioner in writing of such election. The election may be made at or before the time for filing a return as required by \u00a7 58.1-1506.An election shall be revocable only by permission of the Commissioner. Upon revocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7 58.1-1502 shall immediately become due and payable. Any person who so revokes an election shall be ineligible to make an election under this section for two years following such revocation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"2134","name":"Virginia Aircraft Sales And Use Tax","identifier":"15","label":"chapter","url":"\/58.1\/I\/15\/"},"2":{"id":"2","name":"Taxes Administered By The Department Of Taxation","identifier":"I","label":"subtitle","url":"\/58.1\/I\/"},"3":{"id":"1","name":"Taxation","identifier":"58.1","label":"title","url":"\/58.1\/"}},"structure_contents":{"0":{"id":"767941","structure_id":"2134","section_number":"58.1-1500","catch_line":"Title","url":"\/58.1-1500\/","token":"58.1\/I\/15\/58.1-1500"},"1":{"id":"775515","structure_id":"2134","section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501"},"2":{"id":"793814","structure_id":"2134","section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502"},"3":{"id":"773978","structure_id":"2134","section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503"},"4":{"id":"788213","structure_id":"2134","section_number":"58.1-1504","catch_line":"Credit against tax","url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504"},"5":{"id":"771760","structure_id":"2134","section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505"},"6":{"id":"768632","structure_id":"2134","section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506"},"7":{"id":"775895","structure_id":"2134","section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507"},"8":{"id":"796586","structure_id":"2134","section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508"},"9":{"id":"781410","structure_id":"2134","section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509"},"10":{"id":"787996","structure_id":"2134","section_number":"58.1-1510","catch_line":"Civil penalties","url":"\/58.1-1510\/","token":"58.1\/I\/15\/58.1-1510"}},"previous_section":{"id":"768632","structure_id":"2134","section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506"},"next_section":{"id":"796586","structure_id":"2134","section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508"},"references":false,"formats":{"txt":"\/58.1-1507.txt","json":"\/58.1-1507.json","xml":"\/58.1-1507.xml"},"dublin_core":{"Title":"Election by commercial dealer; revocation; eligibility","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1507","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nELECTION BY COMMERCIAL DEALER; REVOCATION; ELIGIBILITY (\u00a7 58.1-1507)\n\nAny person holding a commercial dealer’s license issued by the Department\nof Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7\n58.1-1502 shall notify the Commissioner in writing of such election. The\nelection may be made at or before the time for filing a return as required by \u00a7\n58.1-1506.An election shall be revocable only by permission of the Commissioner.\nUpon revocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7\n58.1-1502 shall immediately become due and payable. Any person who so revokes an\nelection shall be ineligible to make an election under this section for two\nyears following such revocation.\n\nHISTORY: Code 1950, \u00a7 58-685.30; 1974, c. 431; 1975, c. 424; 1977, c. 396;\n1984, c. 675."}