Bulletin Number
VTB 80-9
Tax Type
General Provisions
Description
Gold and Silver Purchases
Topic
Reports
Date Issued
10-14-1980
DATE: October 14, 1980
SUBJECT: Gold and Silver Purchasers
Attached is a copy of the Attorney General's opinion dated August 21, 1980. In accordance with this opinion, the gold and silver purchasers are not subject to the state license tax provisions set forth in Titles 54 and 58.
The locality may require a local revenue license under the provisions set forth in §§ 58-266.1 and 58-441.49 in addition to any regulatory requirements. While the opinion addresses 15.1-866, which relates to municipal corporations, the application is the same for counties and towns.
To assist local governments desiring to regulate gold and silver dealers, the Office of the Attorney General recently published a model regulatory ordinance. A copy of this model ordinance is attached for your information.
Tax Bulletins