Chief Patron: Jones
Review of Sales Tax Nexus for Internet Co. in Virginia (language only)

Item 261 #1h

Language
Page 213, after line 31, insert:
"C.  The Department of Taxation shall examine potential statutory changes necessary to establish sales tax nexus for internet retailers who offer goods for sale in the Commonwealth of Virginia and also utilize a warehouse or distribution facility located in the Commonwealth, where some level of common ownership exists between the retailer or its subsidiaries or related companies, and the owner of the warehouse or distribution facility or its subsidiaries or related companies.  The Department shall report its findings to the Chairmen of the House Appropriations, House Finance, and Senate Finance Committees by November 1, 2011."

Explanation
(This amendment requires the Department of Taxation to review the current Code and policies concerning sales tax and internet retailers who offer goods for sale in Virginia and who operate a warehouse or distribution facility in Virginia.)