CODE OF VIRGINIA

RETURNS AND DISCOUNTS OF IMPORTERS (§ 58.1-2238)

A. A monthly return of a bonded importer or an occasional importer shall contain
the following information concerning motor fuel imported during the period
covered by the return and any other information required by the Commissioner:

   1.  The number of gallons of imported motor fuel acquired from a supplier who
   collected the tax due the Commonwealth on the fuel;

   2.  The number of gallons of imported motor fuel acquired from a supplier who
   did not collect the tax due the Commonwealth on the fuel, listed by source
   state, supplier, and terminal; and

   3.  If he is an occasional importer, the number of gallons of imported motor
   fuel acquired from a bulk plant, listed by bulk plant.

B. An importer shall not deduct an administrative discount under subsection C of
§ 58.1-2233 from the amount remitted with a return. An importer who imports
motor fuel received from an elective supplier or a permissive supplier may
deduct the percentage discount allowed by subsection C of § 58.1-2233 when
remitting tax to the supplier, as trustee, for payment to the Commonwealth. An
importer who imports motor fuel received from a supplier who is not an elective
supplier or a permissive supplier shall not deduct the percentage discount
allowed by subsection C of § 58.1-2233 when filing a return for the tax due.

HISTORY: 2000, cc. 729, 758; 2003, c. 781.