Virginia’s vendor allowance, also known as the dealer discount, has been reduced by 60% for some dealers and all other dealers that are required to file electronically (those with average monthly taxable sales over $20,000 for a year) have lost their dealer discount completely. We were able to convince the Governor to amend the budget [...]

You will be required to remit your sales tax collections for June in June. Look for more information from the Department of Taxation in the mail, or e-mail VRMA for guidelines or additional information. VRMA requested that the Governor begin phasing this out by 2013, the Governor agreed and adopted our proposed amendments.

restaurants; penalty. These bills allow a person with a concealed handgun permit to carry a concealed handgun onto the premises of a restaurant or club and prohibits such person from consuming alcoholic beverages while on the premises. A person who consumes alcohol in violation of the provisions of the bill is guilty of a Class [...]

moist snuff. This bill changes the tax on moist snuff from 10 percent of the manufacturer’s sales price to $0.18 per ounce. The bill also will provide that loose leaf tobacco will be subject to the Commonwealth’s tobacco products tax on a unit and weight basis. The provisions of the bill will become effective on [...]

penalties for unstamped cigarettes. This bill changes the civil penalties for unstamped cigarettes as follows: $2.50 per pack, up to $500, for the first violation by a legal entity within a 36-month period; $5 per pack, up to $1,000, for the second violation by the legal entity within a 36-month period; and $10 per pack, [...]

When to affix Tax Stamps.This bill changes the time for affixing tax stamps to cigarette packs from one business day after receipt of unstamped cigarettes to prior to shipping to other wholesale dealers or retail outlets.

These bills delay the regulation that establishes local program criteria and delegation procedures and the water quantity criteria. The regulation, however, shall be adopted within 280 days after the establishmen of the U.S. Environmental Protection Agency’s Chesapeake Bay-wide Total Maximum Daily Load, but no later than December 1, 2011. The bill also directs the Virginia [...]

This bill allows group health insurance policies to provide a discount to employers who institute employee wellness programs. The bill also allows an employer instituting and maintaining an employee wellness program to require any employee wishing to enroll to undergo a health assessment as a condition of enrollment.

These bills establish the rate and procedures for the collection and remittance of prepaid wireless E-911 charges by dealers of prepaid wireless wireless service in the Commonwealth. The bill would establish a charge of $0.50 per retail purchase of prepaid wireless services that allow access to the 911 system. The dealer is required to remit [...]

This bill requires (i) tax prepares who file 50 or more individual income tax returns for taxable years that begin on or after January 1, 2010, to file all income tax returns electronically in subsequent taxable years; (ii) employers who furnish 150 or more withholding statements to employees for calendar year 2010, or 50 or [...]