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2002 SESSION
SB 458 Motor fuels; below-cost sales.
Introduced by: Charles R. Hawkins | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Motor fuels tax; below-cost sales; penalty. Prohibits a person who sells motor fuel at a retail outlet in Virginia from selling such fuel below cost unless the sale is (i) made in good faith to meet competition; (ii) an isolated and inadvertent sale; (iii) a bona fide clearance sale for the purpose of discontinuing trade in such motor fuel; (iv) a final business liquidation sale; (v) of the refiner's motor fuel by a fiduciary or other officer under the order or direction of any court; or (vi) made during a grand opening to introduce a new or remodeled business.
Any person found by the Commissioner of the Department of Motor Vehicles to be in violation shall be subject to a civil penalty of $5,000 for the first offense and $10,000 for each violation thereafter.
SUMMARY AS INTRODUCED:
Motor fuels tax; below-cost sales; penalty. Prohibits a person who sells motor fuel at a retail outlet in Virginia from selling such fuel below cost unless the sale is (i) made in good faith to meet competition; (ii) an isolated and inadvertent sale; (iii) a bona fide clearance sale for the purpose of discontinuing trade in such motor fuel; (iv) a final business liquidation sale; (v) of the refiner's motor fuel by a fiduciary or other officer under the order or direction of any court; or (vi) made during a grand opening to introduce a new or remodeled business.
Any person found by the Commissioner of the Department of Motor Vehicles to be in violation shall be subject to a civil penalty of $5,000 for the first offense and $10,000 for each violation thereafter.