2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Bell, Robert
Amend Late Penalty for Pass Through Entities (language only)

Item 270 #1h

Item 270 #1h

Taxation, Department of

Page 228, after line 13, insert:
"X. Notwithstanding any other provision of the Code of Virginia, the penalty for any pass-through entity for filing a late tax return, if the return is filed within six months of the filing deadline, shall be $200 per month for the entire pass through entity."

(This amendment is self-explanatory.)