VA HB1339 | 2018 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 11 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 11 2018 - 25% progression, died in committee
Action: 2018-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Accelerated sales and use tax payments. Prohibits any requirement that a dealer remit accelerated sales and use tax payments, except as provided in a general appropriation act under the following circumstances: (i) if payments are required for dealers with sales of $15 million or less, such threshold may only be reduced by 10 percent the next year; (ii) if the Department of Taxation fails to notify dealers that accelerated payments are due at least nine months in advance, no penalty or interest may be assessed for late payments; and (iii) no penalty or interest may be assessed on a dealer subject to an accelerated payment due to a lowered threshold in the calendar year. If such accelerated payment is required in an appropriation act, a dealer may only be required to pay 90 percent of the dealer's sales and use tax liability for the previous June. The Department shall provide an online application for a dealer to apply for a hardship waiver. The bill prohibits requiring accelerated payments after June 30, 2020.
Title
Sales and use tax; accelerated payments.
Sponsors
Sen. Chris Head [R] | Del. Mark Sickles [D] |
History
Date | Chamber | Action |
---|---|---|
2018-02-13 | House | Left in Finance |
2018-01-26 | House | Subcommittee recommends continuing to 2019 by voice vote |
2018-01-25 | House | Assigned Finance sub: Subcommittee #3 |
2018-01-11 | House | Referred to Committee on Finance |
2018-01-11 | House | Presented and ordered printed 18104780D |
Code Citations
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB1339 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1339+hil |