CODE OF VIRGINIA

DEDUCTIONS AND DISCOUNTS FOR PROVIDERS OF ALTERNATIVE FUEL FILING RETURNS (§
58.1-2256)

A. When a provider of alternative fuel files a return, the provider of
alternative fuel may deduct from the amount of tax payable with the return the
amount of tax any of the following licensees owes the provider of alternative
fuel but failed to remit to the provider of alternative fuel:

   1.  A licensed bulk user of alternative fuel who has posted a bond in
   accordance with § 58.1-2246; and

   2.  A licensed retailer of alternative fuel who has posted a bond in
   accordance with § 58.1-2246.A provider of alternative fuel shall not be
   liable for tax that such a licensee owes the provider of alternative fuel but
   fails to pay. If such licensee pays the tax owed to a provider of alternative
   fuel after the provider of alternative fuel deducts the amount of such tax on
   a return, the provider of alternative fuel shall remit the payment to the
   Commissioner with the next monthly return filed subsequent to receipt of the
   tax.

B. A provider of alternative fuel who timely files a return with the payment due
may deduct, from the amount of tax payable with the return, an administrative
discount of one-tenth of one percent of the amount of tax payable to this
Commonwealth, not to exceed a total of $ 5,000 per month. The administrative
discount allowed a provider of alternative fuel who is also licensed as a
supplier under Article 2 (§ 58.1-2204 et seq.) of this chapter shall not exceed
$ 5,000 per month for both licenses.

HISTORY: 2000, cc. 729, 758.