Bulletin Number
VTB 93-1
Tax Type
Corporation Income Tax
Retail Sales and Use Tax
Description
Notice of Intended Regulatory Action
Topic
Reports
Date Issued
02-08-1993
Notice of Intended Regulatory Action
VIRGINIA DEPARTMENT OF TAXATION
February 8, 1993
In accordance with the provisions of the Administrative Process and Virginia Register Acts and consistent with the Public Participation Guidelines established by the Tax Commissioner, the Department of Taxation intends to update all of the corporation income tax regulations, VR 630-3-301 through 630-3-504; and all of the retail sales and use regulations, VR 630-10-1 through 630-10-113, by amending or repealing existing regulations and adding new regulations to clarify current departmental policy. The notice of intended regulatory action for the regulations will be published in the February 8, 1993 issue of the Virginia Register.
The Department welcomes your written comments on these regulations prior to entering into the regulation drafting process. Comments regarding the regulations should be directed to:
Office of Tax Policy, Virginia Department of Taxation, P.O. Box 1880, Richmond, Virginia 23282-1880, Voice Telephone: (804) 367-8010, FAX: (804) 367-6020
Comments regarding the sales and use tax regulations should be directed to Terry M. Barrett. Comments regarding the corporate income tax regulations should be directed to John P. Josephs, Jr.
The deadline for comment is March 15, 1993.
Upon receiving all comments from interested parties, the Department will develop a draft of all of the regulations, which will be furnished to interested parties for comment. In some instances, depending upon the complexity and interest expressed with respect to certain issues, the Department may seek additional input from various interested parties/groups in revising certain regulations.
Interested parties will also be advised of the Department's public hearing on each regulation in order to provide further opportunities for oral and written comments.
All proposed and final regulations will be published in the Virginia Register of Regulations. Parties interested in subscribing to the Virginia Register may write to the following address: Registrar of Regulations; General Assembly Building; 910 Capitol Street; Richmond, Virginia 23219.
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