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2011 SESSION

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HB 1524 Retail Sales and Use Tax; collection by certain contractors.

Introduced by: R. Steven Landes | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sales and use tax; collection by certain contractors.  Provides that any person or entity primarily engaged in the business of furnishing and installing tangible personal property that provides electronic or physical security on real property for the use of a financial institution shall be deemed a retailer of such personal property and the sales and use tax for such property shall be collected from the contractor's customer rather than being paid by the contractor when he purchases the property. Such collection procedure shall also apply when the contractor installs the personal property on real property not for the use of a financial institution.


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