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2018 SESSION

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SB 487 Virginia Fraud Against Taxpayers Act; raises civil penalties in Act.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Fraud Against Taxpayers Act; civil penalties; rate of inflation. Raises the amounts for the civil penalties in the Virginia Fraud Against Taxpayers Act from not less than $5,500 and not more than $11,000 to not less than $10,957 and not more than $21,916. The bill also provides that these amounts shall automatically increase as prescribed by the Federal False Claims Act, in which the civil penalties are adjusted to the rate of inflation.


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