VirginiaSB9832025 Regular SessionSenate

Retail Sales and Use Tax; dealer discount.

Sponsored By: Tammy Brankley Mulchi (Republican)

Failed

Summary

Sales and use tax; dealer discount. Provides that the dealer discount deduction for state retail sales and use tax that the dealer accounts for in submitting his return and paying the amount due, beginning July 1, 2025, will be six percent of the first three percent of the tax imposed. Under current law, the dealer discount is allowed as a deduction from the first three percent of the state retail sales and use tax that the dealer accounts for in submitting his return and paying the amount due in the following percentages: four percent, if the monthly taxable sales of the dealer are $0 to $62,500; three percent, if the monthly taxable sales of the dealer are $62,501 to $208,000; and two percent if the monthly taxable sales of the dealer are $208,001 and above.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Tammy Brankley Mulchi

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Left in Finance and Appropriations

    2/5/2025Senate
  2. Impact statement from TAX (SB983)

    1/19/2025Senate
  3. Referred to Committee on Finance and Appropriations

    1/7/2025Senate
  4. Prefiled and ordered printed; Offered 01-08-2025 25101234D

    1/7/2025Senate

Bill Text

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