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Code of Virginia (Title 58.1 — Taxation)

Va. Code § 58.1-1747

Retailer discount

Official textlaw.lis.virginia.gov

# A.

Beginning January 1, 2021, and ending January 1, 2023, every retailer that collects a tax imposed by a county or city under this article shall be allowed to retain two cents ($0.02) from the tax collected on each disposable plastic bag.

# B.

Beginning January 1, 2023, every retailer that collects a tax imposed by a county or city under this article shall be allowed to retain one cent ($0.01) from the tax collected on each disposable plastic bag.

# C.

Any retailer that retains a discount pursuant to this section shall account for it in the form of a deduction when submitting its tax return and paying the amount due in a timely manner.

Last amended: 2020, cc. 1022, 1023.

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Nearby sections (25 sections)
  1. 58.1-1735 · Definitions
  2. 58.1-1736 · Levy
  3. 58.1-1737 · Exemptions
  4. 58.1-1738 · Administration of the tax
  5. 58.1-1739 · Forwarding of tax information to law-enforcement officials
  6. 58.1-1740 · Credits against tax
  7. 58.1-1741 · Disposition of revenues
  8. 58.1-1742 · Repealed
  9. 58.1-1743 · (For expiration date, see Acts 2020, cc. 1230 and 1275, and…
  10. 58.1-1744 · (For contingent expiration, see Acts 2020, cc. 1230 and…
  11. 58.1-1745 · Disposable plastic bag tax
  12. 58.1-1746 · Exemptions
  13. 58.1-1747 · Retailer discount
  14. 58.1-1748 · Administration
  15. 58.1-1800 · Local treasurer to receive state taxes; list of delinquent…
  16. 58.1-1801 · Delinquent lists involving state taxes to be transmitted to…
  17. 58.1-1802 · When delinquent state taxes charged off; notification and…
  18. 58.1-1802.1 · Period of limitations on collection; accrual of interest…
  19. 58.1-1802.2 · Delinquent returns; enforcement; when approval required
  20. 58.1-1803 · Department of Taxation may appoint collectors of delinquent…
  21. 58.1-1804 · Collection out of estate in hands of or debts due by third…
  22. 58.1-1805 · Memorandum of lien for collection of taxes; release of lien
  23. 58.1-1806 · Additional proceedings for the collection of taxes;…
  24. 58.1-1807 · Judgment or decree; effect thereof; enforcement
  25. 58.1-1808 · Collection in foreign jurisdiction
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