Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-1035
Revocation or suspension of permit by Department; civil penalties; sharing of information
# A.
The Department may revoke or suspend the permit of any wholesale dealer, as defined in § 58.1-1000, for a violation of this chapter or any rule adopted by the Department as provided in § 58.1-1011.
# B.
In addition, the Department may impose a civil penalty in an amount not to exceed the greater of 500 percent of the retail value of the cigarettes involved or $5,000 upon finding a violation of this chapter and may assess the tax due and any interest on the product acquired, possessed, sold, or offered for sale in violation of this chapter.
# C.
For the purpose of enforcing this chapter, the Department may request or share information with any federal, state or local agency, including any agency of another state or local agency thereof.
Source: view the official text
Nearby sections (25 sections)
- 58.1-1021.04:4 · Purchase of tobacco products for resale
- 58.1-1021.04:5 · Tax Commissioner to establish guidelines and rules
- 58.1-1021.05 · Use of revenues
- 58.1-1021.06 · Delivery sales of liquid nicotine and nicotine vapor…
- 58.1-1021.07 · Retail sales of liquid nicotine and nicotine vapor…
- 58.1-1021.08 · General requirements for liquid nicotine and nicotine…
- 58.1-1021.09 · Safety requirements for liquid nicotine and nicotine…
- 58.1-1022 · Correction of erroneous assessments
- 58.1-1031 · Definitions
- 58.1-1032 · Applicability
- 58.1-1033 · Prohibited acts
- 58.1-1034 · Records to be kept; filing with Department
- 58.1-1035 · Revocation or suspension of permit by Department; civil…
- 58.1-1036 · Other penalties for violation; civil actions
- 58.1-1037 · Seizure
- 58.1-1100 · Intangible personal property; segregated for state taxation
- 58.1-1101 · Classification
- 58.1-1102 · Intangible personal property of certain poultry and…
- 58.1-1103 · Exempt professions and businesses; how property used…
- 58.1-1104 · To what extent dairies taxable on intangible personal…
- 58.1-1105 · Suppliers of pulpwood, veneer logs, mine props and railroad…
- 58.1-1106 · Situs; nonresidents, branches outside of Commonwealth
- 58.1-1107 · Date as of which intangible personal property must be…
- 58.1-1108 · Time for filing returns; payment of tax
- 58.1-1109 · Extension of time for filing returns