Code of Virginia - Title 58.1 Taxation - Chapter 14 Virginia Watercraft Sales And Use Tax

58.1-1400 Title
This chapter shall be known and may be cited as the "Virginia Watercraft Sales and Use Tax Act." (Code 1950, § 58-685.39; 1981, c. 405; ...

58.1-1401 Definitions
As used in this chapter, unless the context clearly shows otherwise, the term or phrase: "Dealer" means any watercraft dealer as defined in § 29.1-801. ...

58.1-1401.1 When motor deemed a watercraft
Any motor used to power a watercraft as defined in § 58.1-1401 and sold separately from such watercraft shall be deemed a watercraft for purposes ...

58.1-1402 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 ...

58.1-1403 Basis of tax; estimate of tax; penalty for misrepresentation
A. The Tax Commissioner shall assess and collect the tax for the use or sale of a watercraft pursuant to subdivisions 1 and 2 of ...

58.1-1404 Exemptions
A. Any watercraft sold to or used by the United States or any of the governmental agencies thereof, the Commonwealth of Virginia or any political ...

58.1-1405 Time for payment of tax
A. Except as provided in paragraph B of this section, the tax levied pursuant to this chapter shall be paid by the purchaser or user ...

58.1-1406 Dealers' certificates of registration
A. Every person who qualifies as a dealer under Chapter 8 (§ 29.1-800 et seq.) of Title 29.1 and desires to transfer ownership in watercraft ...

58.1-1407 Retention of documents
Any person who sells a watercraft in this Commonwealth shall retain a copy of the invoice required by § 58.1-1403 for three years following such ...

58.1-1408 Civil penalties and interest
When any person fails to make any return or pay the full amount of tax required by § 58.1-1402 within thirty days of the required ...

58.1-1409 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 a watercraft purchased ...

58.1-1410 Disposition of funds
Funds collected hereunder by the Tax Commissioner shall be paid into the general fund of the state treasury and allocated to the game protection fund ...