Tax Type
Soybean Excise Tax
Description
Soybean Excise Tax - Filing Requirements
Topic
Basis of Tax
Date Issued
02-15-1984
Virginia Department of Taxation
Date: February 15, 1984
SUBJECT: Soybean Excise Tax - Filing Requirements
Currently, the soybean excise tax returns are filed by the handler semi-annually.
Under the authority of Section 3.1-684.14, Code of Virginia, the State Tax Commissioner in consultation with the Virginia Soybean Commission and Virginia Soybean Association, Inc., sets the filing dates for soybean excise tax reports and assessments. Beginning on January 1, 1984, the handler of soybeans shall be required to file the excise tax returns quarterly. The quarters shall be January 1 through March 31, April 1 through June 30, July 1 through September 30 and October 1 through December 31. The returns must be filed by the handler on or before the last day of the month following the end of the period. (Due dates are April 30, July 31, October 31, and January 31 respectively.) The handler must pay the soybean excise tax with the filed return. A return must be filed for each quarter even if no tax is due.
Anyone having questions regarding this bulletin should contact the Department of Taxation, P.O. Box 6-L, Richmond, VA 23282 or telephone (804) 257-8046.
Rulings of the Tax Commissioner