                                 CODE OF VIRGINIA

WAIVER OF TIME LIMITATION ON ASSESSMENT OF LOCAL TAXES (§ 58.1-3903.1)

Before the expiration of the time prescribed for the assessment of any local
tax, if both the commissioner of the revenue or other assessing official and the
taxpayer have consented in writing to the tax assessment after such time, the
tax may be assessed at any time prior to the expiration of the period agreed
upon. The period so agreed upon may be extended by subsequent agreements in
writing made before the expiration of the period previously agreed upon.
		Whenever such an extension is agreed upon, it shall likewise extend the period
relating to the collection of local taxes pursuant to § 58.1-3940 and
applications for correction pursuant to § 58.1-3980.

HISTORY: 1995, c. 445.