§ 58.1-608.4. Suspension of exemption
Any organization or entity exempt from the tax imposed by this chapter, or imposed pursuant to the authority granted in § 58.1-605 or § 58.1-606, that knows or should have known that an associate, employee, volunteer, other individual or entity has used its tax exemption certificate/letter to make unlawful purchases in the aggregate in excess of $1,000 in any calendar year, shall have its tax exemption suspended in accordance with § 58.1-623.1.
(2002, c. 775.)
Sections: Previous 58.1-605 58.1-606 58.1-607 58.1-608 58.1-608.1 58.1-608.2 58.1-608.3 58.1-608.4 58.1-609 58.1-609.1 58.1-609.2 58.1-609.3 58.1-609.4 58.1-609.5 58.1-609.6 NextLast modified: April 16, 2009