                                 CODE OF VIRGINIA

INSTALLMENT AGREEMENTS FOR THE PAYMENT OF TAXES (§ 58.1-1817)

A. 1. The Tax Commissioner is required to offer to enter into a written
agreement with any taxpayer filing a return for taxes imposed under Article 2
(§ 58.1-320 et seq.) of Chapter 3 under which such taxpayer is allowed to
satisfy his tax liability in installment payments over a payment period of up to
five years on petition by the taxpayer, if the Tax Commissioner determines such
an agreement will facilitate collection.

   2. Except as identified in subdivision 1, the Tax Commissioner is authorized
   to enter into a written agreement with any taxpayer under which such taxpayer
   is allowed to satisfy his tax liability in installment payments, if the Tax
   Commissioner determines such an agreement will facilitate collection.

B. Except as otherwise provided in this section, any agreement entered into by
the Tax Commissioner under subsection A shall remain in effect for the term of
the agreement.
			The Tax Commissioner may terminate any installment agreement if:

   1. Information that the taxpayer provided prior to the date such agreement was
   entered into was inaccurate or incomplete; or

   2. The Tax Commissioner determines that the collection of any tax to which an
   agreement relates is in jeopardy.

C. The Tax Commissioner may alter, modify, or terminate an installment agreement
in the case of the failure of the taxpayer:

   1. To pay any installment at the time it is due;

   2. To pay any other tax liability at the time it is due; or

   3. To file with the Department any required tax or information return during
   the time period such agreement is in effect.

D. The Tax Commissioner may alter, modify, or terminate an installment agreement
under other exceptional circumstances as he deems appropriate.

HISTORY: 1996, c. 634; 2023, c. 643.