Occasional Sales Definition Broadened for Certain Nonprofit Sales

Expand the Retail Sales and Use Tax exemption for occasional sales by authorizing nonprofit entities that are eligible to apply for a nonprofit entity exemption from taxation on their purchases of tangible personal property pursuant to Va. Code § 58.1-609.11, to make exempt sales of: 1) food, prepared food, and meals; and 2) tickets to events that include the provision of food, prepared food, and meals, provided such sales take place on fewer than 24 occasions in a calendar year.

23 vac 10 - 210 : Retail Sales and Use Tax

The Department of Taxation intended to promulgate a regulation interpreting the legislation, but issued guidelines instead.