Code of Virginia - Title 3.1 Agriculture, Horticulture And Food - Section 3.1-796.26 (Repealed effective October 1, 2008) Reports to Tax Commissioner; collection and disposition of tax...

§ 3.1-796.26. (Repealed effective October 1, 2008) Reports to Tax Commissioner; collection and disposition of tax...

(a) Reports to the Tax Commissioner shall be made on forms furnished and prescribed by the Tax Commissioner. Each form shall include a statement on the number of cattle which have been handled and the amount of money which has been collected, and any other information deemed necessary by the Tax Commissioner to carry out his functions. Notwithstanding the provisions of § 58.1-3, upon request, the Tax Commissioner is authorized to provide the Board with a list of taxpayers and amounts paid.

(b) The handlers shall deduct from the proceeds of sale owed by them to the respective owners of cattle the contribution as authorized by § 3.1-796.25 of this chapter.

For purposes of this chapter the handler shall be the handler at the point at which the cattle are weighed or traded and the value determined.

(c) All funds collected shall be paid into the state treasury to the credit of the Virginia Cattle Industry Board. Such funds shall be credited on the Comptroller's books to a fund known as the Virginia Cattle Industry Fund. All moneys credited to the Virginia Cattle Industry Fund shall be used exclusively as set forth in this chapter. The Auditor of Public Accounts shall audit all the accounts of the Board as is provided for in § 30-133. The unexpended balance of the Virginia Cattle Industry Fund at the end of each biennium shall not be transferred to the general fund of the state treasury.

(d) The funds collected by the handler from proceeds of sales are due to the Tax Commissioner on or before the last day of the month following the end of each calendar quarter.

(e) The handler shall keep a complete record of the number of cattle subject to payment bought by him for a period of not less than three years. Such record shall be open for inspection by the Tax Commissioner or his duly authorized agents, and shall be established and maintained as required by the Tax Commissioner.

(1970, c. 310; 1978, c. 540; 1983, c. 375; 1985, c. 237.)

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Last modified: April 16, 2009