<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85971</law_id><section_number>58.1-531</section_number><catch_line>Disposition of proceeds collected; Department&amp;#8217;s annual statement of costs</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="58.1">Taxation</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Taxes Administered by the Department of Taxation</unit><unit label="chapter" level="3" order_by="1" identifier="3">Income Tax</unit><unit label="article" level="4" order_by="1" identifier="21">Setoff Debt Collection Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Upon effecting final setoffs, the <span class="dictionary">Department</span> shall periodically pay to the respective claimant agencies the proceeds collected on their behalf. However, with respect to amounts collected under this article for any county, city or town, the <span class="dictionary">Department</span> is authorized to deduct a sum, not in excess of twenty-five percent of the amount collected, to offset the cost of making such collection. <a id="paragraph-307926" class="section-permalink" href="https://vacode.org/58.1-531/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">Department</span> shall provide the Governor and the chairmen of the House Committee on Finance, the Senate Committee on Finance and Appropriations, and the House Committee on Appropriations with an annual statement setting forth the <span class="dictionary">Department</span>&#x2019;s cost of administering this article. <a id="paragraph-307927" class="section-permalink" href="https://vacode.org/58.1-531/#B"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 58-19.18; 1981, c. 408; 1982, c. 621; 1983, c. 545; 1984, cc. 675, 720; 1988, c. 331; 1989, c. 77.</history><metadata></metadata></law>
