                                 CODE OF VIRGINIA

DISCOUNT (§ 58.1-622)

For the purpose of compensating a dealer holding a certificate of registration
under § 58.1-613 for accounting for and remitting the tax levied by this
chapter, such dealer shall be allowed the following percentages of the first
three percent of the tax levied by §§ 58.1-603 and 58.1-604 and accounted for
in the form of a deduction in submitting his return and paying the amount due by
him if the amount due was not delinquent at the time of payment.
		The discount allowed by this section shall be computed according to the
schedule provided, regardless of the number of certificates of registration held
by a dealer.

HISTORY: Code 1950, § 58.441.25; 1966, c. 151; 1984, c. 675; 1986, Sp. Sess.,
c. 12; 1989, c. 469; 2008, c. 488.