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2015 SESSION

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HB 2307 Withholding taxes; employer may request a waiver from Tax Commissioner.

Introduced by: Richard C. "Rip" Sullivan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payment of withholding taxes. Provides that the Tax Commissioner may grant a waiver from the biweekly payment of withholding taxes to employers with five or fewer employees subject to withholding. Under current law, an employer whose average monthly liability can reasonably be expected to be at least $1,000 with an aggregate amount required to be withheld exceeding $500 must pay the withholding tax biweekly. If the Tax Commissioner grants the waiver, the employer would be authorized to file the withholding return and pay the withholding tax monthly, on or before the twenty-fifth day of the following month.


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