2003 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Petersen
Sales Tax Automotive Paint (language only)

Item 285 #1h

Item 285 #1h

Taxation, Department of

Page 265, after line 48, insert:
"K.  The Department of Taxation shall revise its regulation set out as 23VAC10-210-1020 to include in the definition of tangible personal property any itemized sale of paint and materials at the retail level."

(This amendment directs the Department of Taxation to revise its regulations regarding the application of sales and use tax on paint and materials to ensure that this tax is appropriately passed on to the consumers of such materials, and not charged to motor vehicle refinishers and painters at the wholesale level. The Department of Taxation estimates such a change in regulation could generate an additional $855,000 per year to the general fund.)