LIS

Virginia Law

Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 220. Aircraft Sales and Use Tax
12/22/2024

23VAC10-220-60. Election by commercial dealer, revocation, eligibility.

A. Generally. A dealer must make application to the Department of Taxation and receive approval prior to operation of the aircraft.

B. Dealer electing to be subject to dealer exclusion; revocation.

1. Any dealer who elects the dealer exclusion must apply to the Department of Taxation, on forms provided upon request, prior to the operation of any aircraft under the dealer exclusion provisions for Virginia aircraft sales and use tax. Upon receipt of the dealer's application for dealer exclusion, the Department of Taxation will notify the dealer of its action.

2. The dealer who receives approval from the Department of Taxation, can revoke such election only by permission of the Tax Commissioner.

3. Any person who revokes an election made under the dealer exclusion provision will be ineligible to elect dealer exclusion for two years following the revocation.

4. Any person who revokes his election immediately becomes liable for the Virginia aircraft sales and use tax levied on aircraft sold.

Statutory Authority

§§ 58.1-203 and 58.1-1507 of the Code of Virginia.

Historical Notes

Derived from VR630-11-1507, eff. January 1, 1985, with retroactive effect according to § 58.1-203 of the Code of Virginia.

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.