Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-2298
Deductions
Official textlaw.lis.virginia.gov
For purposes of compensating a distributor for accounting for and remitting the tax levied by this chapter, such distributor shall be allowed to deduct two percent of the tax otherwise due in submitting his return and paying the amount due by him if the amount was not delinquent at the time of payment.
Source: view the official text
Nearby sections (25 sections)
- 58.1-2288 · Liability of corporate or partnership officer; penalty
- 58.1-2289 · Disposition of tax revenue generally
- 58.1-2290 · Repealed
- 58.1-2290.1 · Repealed
- 58.1-2291 · Title
- 58.1-2292 · Definitions
- 58.1-2293 · Regulation; forms
- 58.1-2294 · Disclosure of information; penalties
- 58.1-2295 · Levy; payment of tax
- 58.1-2295.1 · Repealed
- 58.1-2296 · Backup tax; liability
- 58.1-2297 · When tax return and payment are due; credits for overpayment
- 58.1-2298 · Deductions
- 58.1-2299 · Bad debts
- 58.1-2299.1 · Exclusion from professional license tax
- 58.1-2299.10 · Willful commission of prohibited acts; criminal penalties
- 58.1-2299.11 · Bond
- 58.1-2299.12 · Jeopardy assessment
- 58.1-2299.13 · Memorandum of lien for collection of taxes
- 58.1-2299.14 · Recordkeeping requirements; inspection of records; civil…
- 58.1-2299.15 · Application to Commissioner for correction; appeal
- 58.1-2299.16 · Period of limitations
- 58.1-2299.17 · Waiver of time limitation on assessment of taxes
- 58.1-2299.18 · Suits to recover taxes
- 58.1-2299.19 · Liability of corporate or partnership officer; penalty