Code of Virginia - Title 58.1 Taxation - Chapter 15 Virginia Aircraft Sales And Use Tax
- 58.1-1500 Title
This chapter shall be known and may be cited as the "Virginia Aircraft Sales and Use Tax Act." (Code 1950, § 58-685.27; 1974, c. 431; ...
- 58.1-1501 Definitions
As used in this chapter, unless the context clearly shows otherwise, the term or phrase: "Aircraft" means any contrivance used or designed for untethered navigation ...
- 58.1-1502 Tax levied
There is hereby levied and imposed, in addition to all other taxes and fees of every kind now imposed by law, a tax upon the ...
- 58.1-1503 Basis of tax; estimate of tax; penalty for misrepresentation
A. The Tax Commissioner shall levy and collect the tax for the use or sale of an aircraft pursuant to subdivisions 1 and 2 of ...
- 58.1-1504 Credit against tax
A credit shall be granted against the tax imposed by this chapter with respect to a person's use in this Commonwealth of an aircraft purchased ...
- 58.1-1505 Exemptions
A. Any aircraft sold to or used by (i) the United States or any of the governmental agencies thereof, (ii) the Commonwealth of Virginia or ...
- 58.1-1506 Time for payment of tax
A. Except as provided in subsection B, the tax on the sale or use of an aircraft required to be licensed by this Commonwealth shall ...
- 58.1-1507 Election by commercial dealer; revocation; eligibility
Any person holding a commercial dealer's license issued by the Department of Aviation who desires to be subject to the tax imposed by subdivision 3 ...
- 58.1-1508 Retention of documents; examination by Commissioner
Any person who sells, leases or charters an aircraft in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to ...
- 58.1-1509 Disposition of funds
All funds collected hereunder by the Commissioner shall be forthwith paid into the state treasury. The revenue so derived, after deducting refunds, is hereby credited ...
- 58.1-1510 Civil penalties
When any person fails to make any return or pay the full amount of tax required by § 58.1-1502 within thirty days of the required ...
Last modified: April 3, 2009