Bill Text: VA HB1104 | 2018 | Regular Session | Prefiled
Bill Title: Sales and use tax refund; property to replace or repair business property damaged in a disaster.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-02-13 - Left in Finance [HB1104 Detail]
Download: Virginia-2018-HB1104-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 58.1-608.2:1 as follows:
§58.1-608.2:1. Refund authorized for certain purchases related to a disaster.
A. Beginning July 1, 2018, and ending July 1, 2022, any business that purchases tangible personal property to replace or repair its tangible personal property that was damaged as a result of a disaster as defined in §44-146.16 for which the Governor makes a declaration of a state of emergency as defined in §44-146.16, may apply to the Department of Taxation for a refund of any taxes paid pursuant to this chapter on such purchased property. The refund applies only to property purchased no later than 180 days after the declaration of a state of emergency.
B. The Department of Taxation may require the business to submit sales tax receipts along with a refund application to qualify for the refund authorized pursuant to this section.
2. That the provisions of this act are applicable only to a state of emergency declared on or after July 1, 2018.
