Source: https://www.richmondsunlight.com/bill/2011/hb57/fulltext/
Timestamp: 2020-02-26 00:29:15
Document Index: 737549761

Matched Legal Cases: ['§ 58', '§ 58', '§ 511', '§ 501', '§ 170', '§ 501', '§ 58', '§ 56', '§ 58', '§ 58']

HOUSE BILL NO. 57 Offered January 13, 2010 Prefiled December 22, 2009 A BILL to amend and reenact §§ 58.1-3703 and 58.1-3706 of the Code of Virginia, relating to imposition of the business, professional, and occupational license tax and rate limitations.
Patrons-- Cole and Pollard
1. That §§ 58.1-3703 and 58.1-3706 of the Code of Virginia are amended and reenacted as follows:
18. (a) On or measured by receipts of a charitable nonprofit organization except to the extent the organization has receipts from an unrelated trade or business the income of which is taxable under Internal Revenue Code § 511 et seq. For the purpose of this subdivision, "charitable nonprofit organization" means an organization which is described in Internal Revenue Code § 501(c)(3) and to which contributions are deductible by the contributor under Internal Revenue Code § 170, except that educational institutions shall be limited to schools, colleges and other similar institutions of learning.
(b) On or measured by gifts, contributions, and membership dues of a nonprofit organization. Activities conducted for consideration which are similar to activities conducted for consideration by for-profit businesses shall be presumed to be activities that are part of a business subject to licensure. For the purpose of this subdivision, "nonprofit organization" means an organization exempt from federal income tax under Internal Revenue Code § 501 other than charitable nonprofit organizations;
21. On or measured by receipts of a qualifying transportation facility directly or indirectly owned or title to which is held by the Commonwealth or any political subdivision thereof or by the United States as described in § 58.1-3606.1 and developed and/or operated pursuant to a concession under the Public-Private Transportation Act of 1995 (§ 56-556 et seq.) or similar federal law.
D. Notwithstanding any other provision of law, no county, city or town shall impose the local business license tax pursuant to the provisions of this chapter if such locality did not impose the tax as of January 1, 2010.
§ 58.1-3706. Limitation on rate of license taxes.
2. For retail sales, twenty cents per $100 of gross receipts;
E. In any case in which the Department of Mines, Minerals and Energy determines that the weekly U.S. Retail Gasoline price (regular grade) for PADD 1C (Petroleum Administration for Defense District - Lower Atlantic Region) has increased by 20% percent or greater in any one-week period over the immediately preceding one-week period and does not fall below the increased rate for at least 28 consecutive days immediately following the week of such increase, then, notwithstanding any tax rate on retailers imposed by the local ordinance, the gross receipts taxes on fuel sales of a gas retailer made in the following license year shall not exceed 110% percent of the gross receipts taxes on fuel sales made by such retailer in the license year of such increase. For license years beginning on or after January 1, 2006, every gas retailer shall maintain separate records for fuel sales and nonfuel sales and shall make such records available upon request by the local tax official.
The provisions of this subsection shall not apply to any person or entity (i) not conducting business as a gas retailer in the county, city, or town for the entire license year immediately preceding the license year of such increase or (ii) that was subject to a license fee in the county, city, or town pursuant to § 58.1-3703 for the license year immediately preceding the license year of such increase.
The Department of Mines, Minerals and Energy shall determine annually if such increase has occurred and remained in effect for such 28-day period.
F. Notwithstanding any other provision of law, any county, city or town that had, on January 1, 2010, a license tax rate for any of the categories listed in subsection A may maintain the rate for such categories, but shall not increase the rate applicable on January 1, 2010,
For a plain English description of this bill, comments, voting, tagging, etc., return to the main page for HB57.