VA SB1107 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 9 2017 - 25% progression, died in chamber
Action: 2017-01-25 - Passed by indefinitely in Finance (16-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 9 2017 - 25% progression, died in chamber
Action: 2017-01-25 - Passed by indefinitely in Finance (16-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Accelerated sales and use tax payments. Prohibits any requirement that a dealer remit sales and use tax payments except under the following circumstances: (i) if payments are required for dealers with sales of $15 million or less, such threshold may only be lowered by 10 percent the next year; (ii) if the Department of Taxation fails to notify dealers that accelerated payments are due at least nine months in advance, no penalty may be assessed for late payments; and (iii) no penalty may be assessed on a dealer subject to an accelerated payment due to a lowered threshold in the calendar year. The bill prohibits requiring accelerated payments after June 30, 2020.
Title
Sales and use tax; prohibits any requirement that a dealer remit accelerated payments, exception.
Sponsors
Roll Calls
2017-01-25 - Senate - Senate: Passed by indefinitely in Finance (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2017-01-25 | Senate | Passed by indefinitely in Finance (16-Y 0-N) |
2017-01-09 | Senate | Referred to Committee on Finance |
2017-01-09 | Senate | Prefiled and ordered printed; offered 01/11/17 17101002D |