SB 709

  • Virginia Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Jan 19, 2024
  • Passed Senate Feb 09, 2024
  • Passed House Feb 22, 2024
  • Signed by Governor Mar 20, 2024

Assessment of omitted taxes; erroneous payments.

Abstract

Assessment of omitted taxes; erroneous payments. Provides that any retail sales tax payment erroneously remitted by a taxpayer to the Department of Taxation shall be applied to the taxpayer's delinquent use tax accounts. The taxpayer must provide evidence of the erroneous sales tax collected and remitted in each transaction. The provisions of this bill do not apply in the case of (i) the taxpayer already applying for and receiving the relief described in this bill or (ii) a false or fraudulent action by the taxpayer with the intention of evading the payment of the tax. Further, the taxpayer must show that the erroneous retail sales tax has been refunded to the purchaser or credited to the purchaser's account prior to receiving a refund from Department of Taxation. This bill is identical to HB 1508.

Assessment of omitted taxes; erroneous payments.Provides that any payment erroneously remitted by a taxpayerto the Department of Taxation shall be applied to the taxpayer'sdelinquent retail sales and use tax accounts for taxable years beginningon and after January 1, 2017, but before January 1, 2024. The provisionsof this bill do not apply in the case of a false or fraudulent actionby the taxpayer with the intention of evading the payment of thetax.

Bill Sponsors (2)

Votes


Actions


Mar 20, 2024

Office of the Governor

Approved by Governor-Chapter 128 (effective 7/1/24)

Office of the Governor

Acts of Assembly Chapter text (CHAP0128)

Mar 11, 2024

Senate

Enrolled Bill Communicated to Governor on March 11, 2024

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 8, 2024

Mar 04, 2024

Senate

Impact statement from TAX (SB709ER)

Mar 01, 2024

Senate

Signed by President

Feb 27, 2024

Senate

Enrolled

House

Signed by Speaker

Senate

Bill text as passed Senate and House (SB709ER)

Feb 22, 2024

House

Read third time

House

VOTE: Block Vote Passage (99-Y 0-N)

House

Passed House BLOCK VOTE (99-Y -0-N)

Feb 21, 2024

House

Read second time

Feb 19, 2024

House

Reported from Finance (22-Y 0-N)

Feb 18, 2024

Senate

Impact statement from TAX (SB709S1)

Feb 15, 2024

House

Referred to Committee on Finance

House

Placed on Calendar

House

Read first time

Feb 09, 2024

Senate

Engrossed by Senate - committee substitute SB709S1

Senate

Passed Senate (40-Y 0-N)

Senate

Constitutional reading dispensed (40-Y 0-N)

Senate

Read second time

Senate

Committee substitute agreed to 24107079D-S1

Senate

Reading of substitute waived

Feb 08, 2024

Senate

Constitutional reading dispensed (40-Y 0-N)

Feb 07, 2024

Senate

Reported from Finance and Appropriations with substitute (15-Y 0-N)

Senate

Committee substitute printed 24107079D-S1

Feb 06, 2024

Senate

Senate subcommittee amendments and substitutes offered

Jan 31, 2024

Senate

Senate committee, floor amendments and substitutes offered

Jan 30, 2024

Senate

Impact statement from TAX (SB709)

Jan 19, 2024

Senate

Referred to Committee on Finance and Appropriations

Senate

Presented and ordered printed 24105265D

Bill Text

Bill Text Versions Format
Presented and ordered printed 24105265D PDF HTML
Committee substitute printed 24107079D-S1 PDF HTML
SB709ER PDF HTML
CHAP0128 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: SB709FER161.PDF PDF
Fiscal Impact Statement: SB709FS1161.PDF PDF
Fiscal Impact Statement: SB709F161.PDF PDF

Sources

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