{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-1507.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-1507.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-1507.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-1507.html"}],"law_id":86323,"edition_id":1,"section_id":86323,"structure_id":14700,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","history":"Code 1950, \u00a7 58-685.30; 1974, c. 431; 1975, c. 424; 1977, c. 396; 1984, c. 675.","full_text":"Any person holding a commercial dealer’s license issued by the Department of Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7 58.1-1502 shall notify the Commissioner in writing of such election. The election may be made at or before the time for filing a return as required by \u00a7 58.1-1506.\n\t\tAn election shall be revocable only by permission of the Commissioner. Upon revocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7 58.1-1502 shall immediately become due and payable. Any person who so revokes an election shall be ineligible to make an election under this section for two years following such revocation.","order_by":null,"text":{"0":{"id":309146,"text":"Any person holding a commercial dealer’s license issued by the Department of Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7 58.1-1502 shall notify the Commissioner in writing of such election. The election may be made at or before the time for filing a return as required by \u00a7 58.1-1506.\n\t\tAn election shall be revocable only by permission of the Commissioner. Upon revocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7 58.1-1502 shall immediately become due and payable. Any person who so revokes an election shall be ineligible to make an election under this section for two years following such revocation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14700,"edition_id":1,"name":"Virginia Aircraft Sales and Use Tax","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:49:24","date_modified":"2026-06-26 03:49:24","permalink":{"id":252577,"object_type":"structure","relational_id":14700,"identifier":"15","token":"58.1\/I\/15","url":"\/58.1\/I\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60270,"structure_id":14700,"section_number":"58.1-1500","catch_line":"Title","url":"\/58.1-1500\/","token":"58.1\/I\/15\/58.1-1500","metadata":false},{"id":80281,"structure_id":14700,"section_number":"58.1-1501","catch_line":"Definitions","url":"\/58.1-1501\/","token":"58.1\/I\/15\/58.1-1501","metadata":false},{"id":71879,"structure_id":14700,"section_number":"58.1-1502","catch_line":"Tax levied","url":"\/58.1-1502\/","token":"58.1\/I\/15\/58.1-1502","metadata":false},{"id":86448,"structure_id":14700,"section_number":"58.1-1503","catch_line":"Basis of tax; estimate of tax; penalty for misrepresentation","url":"\/58.1-1503\/","token":"58.1\/I\/15\/58.1-1503","metadata":false},{"id":57300,"structure_id":14700,"section_number":"58.1-1504","catch_line":"Credit against tax","url":"\/58.1-1504\/","token":"58.1\/I\/15\/58.1-1504","metadata":false},{"id":68485,"structure_id":14700,"section_number":"58.1-1505","catch_line":"Exemptions","url":"\/58.1-1505\/","token":"58.1\/I\/15\/58.1-1505","metadata":false},{"id":72324,"structure_id":14700,"section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506","metadata":false},{"id":86323,"structure_id":14700,"section_number":"58.1-1507","catch_line":"Election by commercial dealer; revocation; eligibility","url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507","metadata":false},{"id":71171,"structure_id":14700,"section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508","metadata":false},{"id":64771,"structure_id":14700,"section_number":"58.1-1509","catch_line":"Disposition of funds","url":"\/58.1-1509\/","token":"58.1\/I\/15\/58.1-1509","metadata":false},{"id":56341,"structure_id":14700,"section_number":"58.1-1510","catch_line":"Civil penalties","url":"\/58.1-1510\/","token":"58.1\/I\/15\/58.1-1510","metadata":false}],"previous_section":{"id":72324,"structure_id":14700,"section_number":"58.1-1506","catch_line":"Time for payment of tax","url":"\/58.1-1506\/","token":"58.1\/I\/15\/58.1-1506","metadata":false},"next_section":{"id":71171,"structure_id":14700,"section_number":"58.1-1508","catch_line":"Retention of documents; examination by Commissioner","url":"\/58.1-1508\/","token":"58.1\/I\/15\/58.1-1508","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-1507\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1974, chapter 431; in 1975, chapter 424; in 1977, chapter 396; in 1984, chapter 675.<\/p>","references":[{"id":71879,"section_number":"58.1-1502","catch_line":"Tax levied","order_by":null,"url":"\/58.1-1502\/"}],"refers_to":[{"id":71879,"section_number":"58.1-1502","catch_line":"Tax levied","order_by":null,"url":"\/58.1-1502\/"},{"id":72324,"section_number":"58.1-1506","catch_line":"Time for payment of tax","order_by":null,"url":"\/58.1-1506\/"}],"permalink":{"id":252607,"object_type":"law","relational_id":86323,"identifier":"58.1-1507","token":"58.1\/I\/15\/58.1-1507","url":"\/58.1-1507\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-1507\/","token":"58.1\/I\/15\/58.1-1507","dublin_core":{"Title":"Election by commercial dealer; revocation; eligibility","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-1507","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any person holding a commercial dealer<\/span>’s license issued by the Department<\/span> of Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7 58.1-1502<\/a> shall notify the Commissioner in writing of such election. The election may be made at or before the time for filing a return as required by \u00a7 58.1-1506<\/a>.\n\t\tAn election shall be revocable only by permission of the Commissioner. Upon revocation<\/span> of an election, the tax imposed under subdivisions 1 and 2 of \u00a7 58.1-1502<\/a> shall immediately become due and payable. Any person who so revokes an election shall be ineligible to make an election under this section for two years following such revocation<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nELECTION BY COMMERCIAL DEALER; REVOCATION; ELIGIBILITY (\u00a7 58.1-1507)\n\nAny person holding a commercial dealer’s license issued by the Department\nof Aviation who desires to be subject to the tax imposed by subdivision 3 of \u00a7\n58.1-1502 shall notify the Commissioner in writing of such election. The\nelection may be made at or before the time for filing a return as required by \u00a7\n58.1-1506.\n\t\tAn election shall be revocable only by permission of the Commissioner. Upon\nrevocation of an election, the tax imposed under subdivisions 1 and 2 of \u00a7\n58.1-1502 shall immediately become due and payable. Any person who so revokes an\nelection shall be ineligible to make an election under this section for two\nyears following such revocation.\n\nHISTORY: Code 1950, \u00a7 58-685.30; 1974, c. 431; 1975, c. 424; 1977, c. 396;\n1984, c. 675.","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}}