Mandate 332
Mandate Information | |
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Mandate Title:
Sales Tax Holiday: Amend Collection of tax by dealers to allow for absorption
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Purpose of legislation
Create sales tax holidays, which allows qualified products to be purchased exempt of the Retail Sales and Use Tax during a statutorily specified period.
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Legislation mandating a change | Chap 176 (2007) Chap 817 (2007) |
VAC chapters to be amended |
23 vac 10 - 210 : Retail Sales and Use Tax
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Associated Regulatory Actions | No regulatory action has been filed. |
Closing Explanation
When the sales tax holiday was enacted, the Department of Taxation intended to promulgate a regulation to explain its provision allowing dealers to absorb the tax on taxable items not qualifying for the exemption during the holiday period. As no questions have arisen regarding the absorption of tax during the holiday, the Department has determined that the intended regulation is not necessary.
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