                                 CODE OF VIRGINIA

CONVERSION OF TRUST TAXES; PENALTY; LIMITATION OF PROSECUTIONS (§ 58.1-1816)

Any corporate or partnership officer as defined in § 58.1-1813, or any other
person owning and operating a business, or a fiduciary operating or liquidating
a business, who through two or more acts or omissions within a period of ninety
days willfully fails to truthfully account for any state sales use or
withholding tax totaling $1,000 or more collected from others with the intent
not to pay over, shall, in addition to any other penalties provided by law, be
guilty of a Class 6 felony. A prosecution under this section shall be commenced
within five years next after the commission of the offense.

HISTORY: 1992, c. 763.