Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-1407
Retention of documents
Official textlaw.lis.virginia.gov
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 sale. Any person taxed as a dealer under § 58.1-1402 shall retain a copy of all invoices for lease, charter or other usage of watercraft for three years following such transaction. Each invoice shall give an accurate description of the watercraft sold, leased or used.
Source: view the official text
Nearby sections (25 sections)
- 58.1-1214 · Auditing of returns
- 58.1-1215 · Banks in liquidation
- 58.1-1216 · Penalty upon bank for failure to comply with chapter
- 58.1-1217 · State banks and national banks treated the same in matter…
- 58.1-1400 · Title
- 58.1-1401 · Definitions
- 58.1-1401.1 · When motor deemed a watercraft
- 58.1-1402 · Tax levied
- 58.1-1403 · Basis of tax; estimate of tax; penalty for misrepresentation
- 58.1-1404 · Exemptions
- 58.1-1405 · Time for payment of tax
- 58.1-1406 · Dealers' certificates of registration
- 58.1-1407 · Retention of documents
- 58.1-1408 · Civil penalties and interest
- 58.1-1409 · Credit against tax
- 58.1-1410 · Disposition of funds
- 58.1-1500 · Title
- 58.1-1501 · Definitions
- 58.1-1502 · Tax levied
- 58.1-1503 · Basis of tax; estimate of tax; penalty for misrepresentation
- 58.1-1504 · Credit against tax
- 58.1-1505 · Exemptions
- 58.1-1506 · Time for payment of tax
- 58.1-1507 · Election by commercial dealer; revocation; eligibility
- 58.1-1508 · Retention of documents; examination by Commissioner