Virginia Administrative Code
Title 23 - TAXATION
Agency 10 - DEPARTMENT OF TAXATION
Chapter 220 - AIRCRAFT SALES AND USE TAX
Section 23VAC10-220-60 - Election by commercial dealer, revocation, eligibility
Universal Citation: 3 VA Admin Code 10-220-60
Current through Register Vol. 41, No. 3, September 23, 2024
A. Generally. A dealer must make application to the Department of Taxation and receive approval prior to operation of the aircraft.
B. Dealer electing to be subject to dealer exclusion; revocation.
1.
Any dealer who elects the dealer exclusion must apply to the Department of
Taxation, on forms provided upon request, prior to the operation of any
aircraft under the dealer exclusion provisions for Virginia aircraft sales and
use tax. Upon receipt of the dealer's application for dealer exclusion, the
Department of Taxation will notify the dealer of its action.
2. The dealer who receives approval from the
Department of Taxation, can revoke such election only by permission of the Tax
Commissioner.
3. Any person who
revokes an election made under the dealer exclusion provision will be
ineligible to elect dealer exclusion for two years following the
revocation.
4. Any person who
revokes his election immediately becomes liable for the Virginia aircraft sales
and use tax levied on aircraft sold.
Statutory Authority
§§ 58.1-203 and 58.1-1507 of the Code of Virginia.
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