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1999 SESSION

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SB 1028 BPOL tax; license tax on motor vehicle dealers.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

BPOL tax; license tax on motor vehicle dealers. Requires any motor vehicle dealer who collects excess business license tax from purchasers to exercise due diligence to return the overpayment, in excess of one dollar, to the purchasers within 120 days of discovering the overpayment and certifying such to the local commissioner of the revenue or other local assessing official. Any amounts which are not refunded shall be paid to the commissioner of the revenue or other local assessing official. The locality shall refund such excess taxes to purchasers who produce documentation verifying an overpayment, within three years after the locality received such amounts. After the three-year period, the Commissioner shall consider such funds as additional BPOL tax revenue. The locality may recover administrative costs from the dealer.


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