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Gift certificates and credit balances (§ 55-210.8:1)
2016A Except as described in subsection B, a gift certificate or credit balance issued in the ordinary course of the issuer’s business that has remained unclaimed by the owner for more than five years after becoming payable is presumed abandoned. . . .
Acceptance of drafts or bills of exchange; issuance of letters of credit (§ 6.2-883)
2016A Any bank doing business in the Commonwealth, subject to conditions, limitations, and restrictions imposed by the Commission, may (i) accept for payment at a future date drafts or bills of exchange drawn upon it by its customers on time not exceedin . . .
Deduction and withholding of federal income tax (§ 60.2-608.1)
2016A For all payments made after December 31, 1996, federal income tax may be deducted and withheld from a benefit payment if the individual receiving such benefits voluntarily requests such deduction and withholding. The deduction shall be an amount eq . . .
Failure to pay tax or to deliver, keep and preserve records and accounts, or to allow examination and inspection; penalty (§ 4.1-331)
2016No licensee shall fail or refuse to (i) pay any tax provided for in § 4.1-234 or § 4.1-236; (ii) deliver, keep and preserve such records, invoices and accounts as are required by § 4.1-204 or Board regulation; or (iii) allow such records, invoices . . .
Willful failure to collect and account for tax (§ 58.1-1815)
2016Any corporate or partnership officer as defined in § 58.1-1813, or any other person required to collect, account for and pay over any sales, use or withholding tax, who willfully fails to collect or truthfully account for and pay over such tax, and . . .
Commonwealth tax-supported debt authorizations and treatment of net original issue premium (§ 2.2-5002.1)
2016A As used in this section, unless the context requires a different meaning:”De minimis amount” means an amount not to exceed two percent of the principal amount of tax-supported debt to be issued or incurred as part of the same series or . . .
(Effective until July 1, 2017) Absorption of tax prohibited (§ 58.1-626)
2016No person shall advertise or hold out to the public, directly or indirectly, that he will absorb all or any part of the sales or use tax, or that he will relieve the purchaser, consumer, or lessee of the payment of all or any part of such tax. Any pe . . .
Collection and remittance of tax (§ 58.1-2901)
2016A The provider of billing services shall collect the tax from the consumer by adding it as a separate charge to the consumer’s monthly statement. Until the consumer pays the tax to such provider of billing services, the tax shall constitute a d . . .
Destruction of paid tax tickets; other tax tickets; records (§ 58.1-3129)
2016A The treasurer may, with the consent of the governing body, destroy all paid tax tickets at any time after five years from the end of the fiscal year during which taxes represented by such tickets were paid, in accordance with retention regulations . . .
Payments in lieu of property taxes; license tax (§ 15.2-5423)
2016A project owned by an authority shall be exempt from property taxes. However, an authority, other than an authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403, owning a project shall, in lieu of property tax . . .