{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/12.1-15.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/12.1-15.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/12.1-15.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/12.1-15.html"}],"law_id":55629,"edition_id":1,"section_id":55629,"structure_id":14330,"section_number":"12.1-15","catch_line":"Power to compromise and settle; power to waive penalties and charge off delinquent taxes, etc","history":"Code 1950, \u00a7 12-20; 1971, Ex. Sess., c. 157; 1975, c. 236; 1991, c. 128.","full_text":"The Commission shall have power and authority in any matter, claim, or charge within its jurisdiction, under any provision of law heretofore or hereafter enacted, to compromise or settle any matter, claim, or charge, either by or in a formal proceeding, or informally, whether any proceeding shall have been instituted or not. The Commission shall have the power and authority to dismiss any proceeding which is pending and in which a compromise or settlement is effected without making a formal record of such compromise or settlement, in its sound judicial discretion. Any compromise or settlement may include provisions for reimbursement to the Commission to defray the costs, or a portion thereof, of any audit, investigation, or examination conducted.\n\t\tThe power and authority of the Commission to make compromises and settlements hereby conferred shall extend to its jurisdiction to impose fines and penalties under any provision of law heretofore or hereafter enacted.\n\t\tNothing herein contained, however, shall be construed to authorize or empower the Commission to effect any compromise or settlement involving the payment of money into the treasury without some record or memorandum of such compromise or settlement in the clerk’s office of the Commission.\n\t\tThe Commission shall have power and authority to waive the assessment of any penalty or interest upon any tax or fee assessed by the Commission, and to abate and exonerate any such penalty or interest, whether heretofore or hereafter assessed, for providential or other good cause shown to the satisfaction of the Commission, or in cases where the collection thereof cannot be economically effected because the cost of collection exceeds the amount recoverable.\n\t\tThe Commission shall have power and authority to charge off delinquent taxes and registration fees on its books when the claims therefor are worthless or cannot be economically collected, and shall notify the State Tax Commissioner and the Comptroller of such action in such detail and at such times as they may require. The Commission shall maintain records which indicate the reason for the charge off for a period of three years.","order_by":null,"text":{"0":{"id":203917,"text":"The Commission shall have power and authority in any matter, claim, or charge within its jurisdiction, under any provision of law heretofore or hereafter enacted, to compromise or settle any matter, claim, or charge, either by or in a formal proceeding, or informally, whether any proceeding shall have been instituted or not. The Commission shall have the power and authority to dismiss any proceeding which is pending and in which a compromise or settlement is effected without making a formal record of such compromise or settlement, in its sound judicial discretion. Any compromise or settlement may include provisions for reimbursement to the Commission to defray the costs, or a portion thereof, of any audit, investigation, or examination conducted.\n\t\tThe power and authority of the Commission to make compromises and settlements hereby conferred shall extend to its jurisdiction to impose fines and penalties under any provision of law heretofore or hereafter enacted.\n\t\tNothing herein contained, however, shall be construed to authorize or empower the Commission to effect any compromise or settlement involving the payment of money into the treasury without some record or memorandum of such compromise or settlement in the clerk’s office of the Commission.\n\t\tThe Commission shall have power and authority to waive the assessment of any penalty or interest upon any tax or fee assessed by the Commission, and to abate and exonerate any such penalty or interest, whether heretofore or hereafter assessed, for providential or other good cause shown to the satisfaction of the Commission, or in cases where the collection thereof cannot be economically effected because the cost of collection exceeds the amount recoverable.\n\t\tThe Commission shall have power and authority to charge off delinquent taxes and registration fees on its books when the claims therefor are worthless or cannot be economically collected, and shall notify the State Tax Commissioner and the Comptroller of such action in such detail and at such times as they may require. The Commission shall maintain records which indicate the reason for the charge off for a period of three years.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14330,"edition_id":1,"name":"Powers and Duties of the Commission","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":14329,"metadata":{},"date_created":"2026-06-26 03:47:46","date_modified":"2026-06-26 03:47:46","permalink":{"id":147339,"object_type":"structure","relational_id":14330,"identifier":"3","token":"12.1\/3","url":"\/12.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14329,"edition_id":1,"name":"State Corporation Commission","identifier":"12.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:47:46","date_modified":"2026-06-26 03:47:46","permalink":{"id":147285,"object_type":"structure","relational_id":14329,"identifier":"12.1","token":"12.1","url":"\/12.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":77048,"structure_id":14330,"section_number":"12.1-12","catch_line":"Powers and duties generally","url":"\/12.1-12\/","token":"12.1\/3\/12.1-12","metadata":false},{"id":82300,"structure_id":14330,"section_number":"12.1-13","catch_line":"Commission to have powers of court of record; rules and regulations; fines","url":"\/12.1-13\/","token":"12.1\/3\/12.1-13","metadata":false},{"id":78450,"structure_id":14330,"section_number":"12.1-14","catch_line":"Commission's power to impose penalties does not relieve from other penalties","url":"\/12.1-14\/","token":"12.1\/3\/12.1-14","metadata":false},{"id":55629,"structure_id":14330,"section_number":"12.1-15","catch_line":"Power to compromise and settle; power to waive penalties and charge off delinquent taxes, etc","url":"\/12.1-15\/","token":"12.1\/3\/12.1-15","metadata":false},{"id":75948,"structure_id":14330,"section_number":"12.1-15.1","catch_line":"Power to employ counsel for and indemnify employees","url":"\/12.1-15.1\/","token":"12.1\/3\/12.1-15.1","metadata":false},{"id":65561,"structure_id":14330,"section_number":"12.1-16","catch_line":"Delegation to employees and agents; Commissioner of Financial Institutions and Commissioner of Insurance","url":"\/12.1-16\/","token":"12.1\/3\/12.1-16","metadata":false},{"id":87147,"structure_id":14330,"section_number":"12.1-17","catch_line":"Deposits of funds; means of payment; dishonored payments; receipts for payment","url":"\/12.1-17\/","token":"12.1\/3\/12.1-17","metadata":false}],"previous_section":{"id":78450,"structure_id":14330,"section_number":"12.1-14","catch_line":"Commission's power to impose penalties does not relieve from other penalties","url":"\/12.1-14\/","token":"12.1\/3\/12.1-14","metadata":false},"next_section":{"id":75948,"structure_id":14330,"section_number":"12.1-15.1","catch_line":"Power to employ counsel for and indemnify employees","url":"\/12.1-15.1\/","token":"12.1\/3\/12.1-15.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/12.1-15\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1975, chapter 236; in 1991, chapter 128.<\/p>","references":false,"refers_to":false,"permalink":{"id":147353,"object_type":"law","relational_id":55629,"identifier":"12.1-15","token":"12.1\/3\/12.1-15","url":"\/12.1-15\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/12.1-15\/","token":"12.1\/3\/12.1-15","dublin_core":{"Title":"Power to compromise and settle; power to waive penalties and charge off delinquent taxes, etc","Type":"Text","Format":"text\/html","Identifier":"\u00a7 12.1-15","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commission shall have power and authority in any matter, claim, or charge within its jurisdiction<\/span>, under any provision of law<\/span> heretofore or hereafter enacted, to compromise or settle any matter, claim, or charge, either by or in a formal proceeding, or informally, whether any proceeding shall have been instituted or not. The Commission shall have the power and authority to dismiss any proceeding which is pending and in which a compromise or settlement<\/span> is effected without making a formal record of such compromise or settlement<\/span>, in its sound judicial discretion. Any compromise or settlement<\/span> may include provisions for reimbursement to the Commission to defray the costs, or a portion thereof, of any audit, investigation, or examination conducted.\n\t\tThe power and authority of the Commission to make compromises and settlements<\/span> hereby conferred shall extend to its jurisdiction<\/span> to impose fines and penalties under any provision of law<\/span> heretofore or hereafter enacted.\n\t\tNothing herein contained, however, shall be construed to authorize or empower the Commission to effect any compromise or settlement<\/span> involving the payment of money into the treasury without some record or memorandum<\/span> of such compromise or settlement<\/span> in the clerk’s office of the Commission.\n\t\tThe Commission shall have power and authority to waive<\/span> the assessment of any penalty<\/span> or interest upon any tax or fee assessed by the Commission, and to abate and exonerate any such penalty<\/span> or interest, whether heretofore or hereafter assessed, for providential or other good cause shown to the satisfaction of the Commission, or in cases where the collection thereof cannot be economically effected because the cost of collection exceeds the amount recoverable.\n\t\tThe Commission shall have power and authority to charge off delinquent taxes and registration fees on its books when the claims therefor are worthless or cannot be economically collected, and shall notify the State Tax Commissioner and the Comptroller of such action in such detail and at such times as they may require. The Commission shall maintain records which indicate the reason for the charge off for a period of three years.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWER TO COMPROMISE AND SETTLE; POWER TO WAIVE PENALTIES AND CHARGE OFF\nDELINQUENT TAXES, ETC (\u00a7 12.1-15)\n\nThe Commission shall have power and authority in any matter, claim, or charge\nwithin its jurisdiction, under any provision of law heretofore or hereafter\nenacted, to compromise or settle any matter, claim, or charge, either by or in a\nformal proceeding, or informally, whether any proceeding shall have been\ninstituted or not. The Commission shall have the power and authority to dismiss\nany proceeding which is pending and in which a compromise or settlement is\neffected without making a formal record of such compromise or settlement, in its\nsound judicial discretion. Any compromise or settlement may include provisions\nfor reimbursement to the Commission to defray the costs, or a portion thereof,\nof any audit, investigation, or examination conducted.\n\t\tThe power and authority of the Commission to make compromises and settlements\nhereby conferred shall extend to its jurisdiction to impose fines and penalties\nunder any provision of law heretofore or hereafter enacted.\n\t\tNothing herein contained, however, shall be construed to authorize or empower\nthe Commission to effect any compromise or settlement involving the payment of\nmoney into the treasury without some record or memorandum of such compromise or\nsettlement in the clerk’s office of the Commission.\n\t\tThe Commission shall have power and authority to waive the assessment of any\npenalty or interest upon any tax or fee assessed by the Commission, and to abate\nand exonerate any such penalty or interest, whether heretofore or hereafter\nassessed, for providential or other good cause shown to the satisfaction of the\nCommission, or in cases where the collection thereof cannot be economically\neffected because the cost of collection exceeds the amount recoverable.\n\t\tThe Commission shall have power and authority to charge off delinquent taxes\nand registration fees on its books when the claims therefor are worthless or\ncannot be economically collected, and shall notify the State Tax Commissioner\nand the Comptroller of such action in such detail and at such times as they may\nrequire. The Commission shall maintain records which indicate the reason for the\ncharge off for a period of three years.\n\nHISTORY: Code 1950, \u00a7 12-20; 1971, Ex. Sess., c. 157; 1975, c. 236; 1991, c.\n128.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}