Code of Virginia - Title 58.1 Taxation - Section 58.1-1816 Conversion of trust taxes; penalty; limitation of prosecutions

§ 58.1-1816. Conversion of trust taxes; penalty; limitation of prosecutions

Any corporate or partnership officer as defined in § 58.1-1813, or any other person owning and operating a business, or a fiduciary operating or liquidating a business, who through two or more acts or omissions within a period of ninety days willfully fails to truthfully account for any state sales use or withholding tax totaling $1,000 or more collected from others with the intent not to pay over, shall, in addition to any other penalties provided by law, be guilty of a Class 6 felony. A prosecution under this section shall be commenced within five years next after the commission of the offense.

(1992, c. 763.)

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Last modified: April 16, 2009