2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: O'Bannon
Dept of Tax - Reporting of Cigarette Tax Stamp Issues (language only)

Item 270 #1h

Item 270 #1h

Taxation, Department of

Page 218, after line 4, insert:
"R.1. The Virginia Department of Taxation shall report, as provided in subsection 2., to the Virginia State Crime Commission and the Chairs of the House Appropriation and Senate Finance Committees regarding any incidents arising during stamping operations in Virginia, brought to their attention by Virginia authorized stamping agents, law-enforcement officials or others, that result in stamping agents incurring a cost equal to or greater than $500. Costs include but are not limited to damaged tax stamps, loss of productivity due to heat application setting modifications, and financial technical assistance required to modify heat application operation.
2. The Department of Taxation shall report on a monthly basis, as provided in subsection 1, on any incidents arising during Virginia tax stamping operation  that are brought to its attention in the immediately preceding month."

(This amendment includes language specifying the reporting of incidents involving the processing of stamping cigarettes and the collection of tobacco taxes.)