§ 58.1-2254. Exempt sale deduction
A licensed retailer of alternative fuel who has posted a bond in accordance with § 58.1-2246 may deduct from the amount of tax otherwise payable to a provider of alternative fuel the amount calculated on alternative fuel that the licensee received from the provider and resold to a governmental entity, or resold to an organization described in subdivision 2 of § 58.1-2250 for use in the operation of an aircraft, whose purchases of alternative fuel are exempt from the tax under such section if, when purchasing the fuel, the retailer notified the provider of the retailer's intent to resell the fuel in an exempt sale.
(2000, cc. 729, 758.)Sections: Previous 58.1-2247 58.1-2248 58.1-2249 58.1-2250 58.1-2251 58.1-2252 58.1-2253 58.1-2254 58.1-2255 58.1-2256 58.1-2257 58.1-2258 58.1-2259 58.1-2260 58.1-2261 Next
Last modified: April 16, 2009