Virginia Regulatory Town Hall
Agency
Department of Taxation
Guidance Document Information
Title Incentive and Penalty Options to Encourage the Correct Allocation of the Local Retail Sales and Use Tax
Document ID Sales and Use
Summary This report outlines potential incentives for taxpayers who accurately report the local Retail Sales and Use Tax by locality, as well as penalties for those who err in reporting the tax.
Effective Date 8/31/2009
pdf View document text     Posted On 12/3/2020                 Document on Town Hall
Explanation or Citations Item 270(K) of House Bill 1600, the Appropriations Act for the 2008-10 Biennium (2009 Acts of Assembly, Chapter 781) requires the Virginia Department of Taxation (“TAX”) to provide a report to the Senate Finance and House Appropriations Committees outlining potential incentives for taxpayers who accurately report the local Retail Sales and Use Tax by locality, as well as penalties for those who er

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