Code of Virginia § 18.2-204.3. Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty.
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/va/title-18-2/chapter-6/18-2-204-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Any person who transfers or attempts to transfer any trade or business to another person, where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.
B. Any person who knowingly advises another person to transfer any trade or business to another person where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.
C. Any person who is found guilty of more than two such actions under subsections A or B is guilty of a Class 6 felony.
D. It shall be the duty of the attorney for the Commonwealth to whom the Commission shall report, pursuant to subsection B of § 60.2-500 , any violation of this section, to determine whether to proceed with prosecution.
2005, cc. 47 , 91 .