2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Howell
Tax report on tobacco stamping incidents (language only)

Item 269 #1s

Item 269 #1s

Taxation, Department of

Page 215, following line 29, insert:
"C.1. The Virginia Department of Taxation shall report, as provided in subsection C.2. below, to the Virginia State Crime Commission and the Chairs of the Senate Finance Committee and House Appropriations Committee regarding any incidents arising during tobacco stamping operations in Virginia, brought to their attention by Virginia authorized stamping agents, law enforcement officials or others, that result in the 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 C.1. on any incidents arising during Virginia tax stamping operations that are brought to its attention in the immediately preceding month."

(This amendment is self-explanatory).