CODE OF VIRGINIA

SUSPENSION OF EXEMPTION (§ 58.1-608.4)

Any organization or entity exempt from the tax imposed by this chapter, or
imposed pursuant to the authority granted in § 58.1-605 or § 58.1-606, that
knows or should have known that an associate, employee, volunteer, other
individual or entity has used its tax exemption certificate/letter to make
unlawful purchases in the aggregate in excess of $ 1,000 in any calendar year,
shall have its tax exemption suspended in accordance with § 58.1-623.1.

HISTORY: 2002, c. 775.