                                 CODE OF VIRGINIA

EXEMPT SALE DEDUCTION (§ 58.1-2254)

A licensed retailer of alternative fuel who has posted a bond in accordance with
§ 58.1-2246 may deduct from the amount of tax otherwise payable to a provider
of alternative fuel the amount calculated on alternative fuel that the licensee
received from the provider and resold to a governmental entity, or resold to an
organization described in subdivision 2 of § 58.1-2250 for use in the operation
of an aircraft, whose purchases of alternative fuel are exempt from the tax
under such section if, when purchasing the fuel, the retailer notified the
provider of the retailer&#8217;s intent to resell the fuel in an exempt sale.

HISTORY: 2000, cc. 729, 758.