{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/58.1-1508.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/58.1-1508.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/58.1-1508.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/58.1-1508.html"}],"law_id":370996,"edition_id":2,"section_id":370996,"structure_id":52829,"section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","history":"Code 1950, \u00a7 58-685.36; 1974, c. 431; 1984, c. 675.","full_text":"Any person who sells, leases or charters an aircraft in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to the transaction required by \u00a7 58.1-1503 for three years following such transaction. Each invoice shall give an accurate description of the aircraft sold, leased or used.\n\n","order_by":null,"text":{"0":{"id":1383845,"text":"Any person who sells, leases or charters an aircraft in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to the transaction required by \u00a7 58.1-1503 for three years following such transaction. Each invoice shall give an accurate description of the aircraft sold, leased or used.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52829,"edition_id":2,"name":"Virginia Aircraft Sales and Use Tax","identifier":"15","label":"chapter","depth":3,"order_by":15,"parent_id":52818,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 03:06:31","date_modified":"2026-08-02 12:35:57","permalink":{"id":1479579,"object_type":"structure","relational_id":52829,"identifier":"15","token":"58.1\/I\/15","url":"\/58.1\/I\/15\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52818,"edition_id":2,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":2,"parent_id":52815,"metadata":{"child_laws":762,"child_structures":68},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1479077,"object_type":"structure","relational_id":52818,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52815,"edition_id":2,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":125,"parent_id":null,"metadata":{"child_laws":1793,"child_structures":194},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1478961,"object_type":"structure","relational_id":52815,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":370988,"structure_id":52829,"section_number":"58.1-1500","catch_line":"Title","url":"\/58.1-1500\/","token":"58.1\/I\/15\/58.1-1500","metadata":false},{"id":370989,"structure_id":52829,"section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501","metadata":false},{"id":370990,"structure_id":52829,"section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502","metadata":false},{"id":370991,"structure_id":52829,"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","metadata":false},{"id":370992,"structure_id":52829,"section_number":"58.1-1504","catch_line":"Credit against tax","url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504","metadata":false},{"id":370993,"structure_id":52829,"section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505","metadata":false},{"id":370994,"structure_id":52829,"section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506","metadata":false},{"id":370995,"structure_id":52829,"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","metadata":false},{"id":370996,"structure_id":52829,"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","metadata":false},{"id":370997,"structure_id":52829,"section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509","metadata":false},{"id":370998,"structure_id":52829,"section_number":"58.1-1510","catch_line":"Civil penalties","url":"\/58.1-1510\/","token":"58.1\/I\/15\/58.1-1510","metadata":false}],"previous_section":{"id":370995,"structure_id":52829,"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","metadata":false},"next_section":{"id":370997,"structure_id":52829,"section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1508\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1974, chapter 431; in 1984, chapter 675.<\/p>","references":false,"refers_to":[{"id":370991,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","order_by":null,"url":"\/58.1-1503\/"}],"permalink":{"id":1479613,"object_type":"law","relational_id":370996,"identifier":"58.1-1508","token":"58.1\/I\/15\/58.1-1508","url":"\/58.1-1508\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508","dublin_core":{"Title":"Retention of documents; examination by Commissioner","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1508","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any person who sells, leases or charters an <span class=\"dictionary\">aircraft<\/span> in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to the transaction required by \u00a7&nbsp;<a class=\"law\" title=\"Basis of tax; estimate of tax; penalty for misrepresentation\" href=\"\/58.1-1503\/\">58.1-1503<\/a> for three years following such transaction. Each invoice shall give an accurate description of the <span class=\"dictionary\">aircraft<\/span> sold, leased or used.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRETENTION OF DOCUMENTS; EXAMINATION BY COMMISSIONER (\u00a7 58.1-1508)\n\nAny person who sells, leases or charters an aircraft in this Commonwealth shall\nretain a copy of the invoice and other financial data pertaining to the\ntransaction required by \u00a7 58.1-1503 for three years following such transaction.\nEach invoice shall give an accurate description of the aircraft sold, leased or\nused.\n\nHISTORY: Code 1950, \u00a7 58-685.36; 1974, c. 431; 1984, c. 675.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}