Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Taxation
Guidance Document Information
Title Guidelines for the Accelerated Sales Tax Payment
Document ID Sales and Use
Summary Effective beginning with the accelerated sales tax payment due in June, 2011, legislation enacted in the 2011 Session of the General Assembly, House Bill 1500 (Acts of Assembly 2011, Chapter 890), increases the annual threshold for dealers and direct payment permit holders (“Dealers”) who are required to make an accelerated sales tax payment from $1 million of taxable sales and/or purchases to $5.4 million of taxable sales and/or purchases.
Latest Revision 5/11/2011
pdf View document text     Posted On 12/14/2017                 Document on Town Hall
Explanation or Citations Legislation enacted in the 2011 Session of the General Assembly, House Bill 1500 (Acts of Assembly 2011, Chapter 890), increases the annual threshold for dealers and direct payment permit holders (“Dealers”) who are required to make an accelerated sales tax payment from $1 million of taxable sales and/or purchases to $5.4 million of taxable sales and/or purchases.

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