Code of Virginia § 58.1-608.4. Suspension of exemption.
78 words·~1 min read·
/va/title-58-1/chapter-6/58-1-608-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any organization or entity exempt from the tax imposed by this chapter, or imposed pursuant to the authority granted in § 58.1-605 or § 58.1-606 , that knows or should have known that an associate, employee, volunteer, other individual or entity has used its tax exemption certificate/letter to make unlawful purchases in the aggregate in excess of $1,000 in any calendar year, shall have its tax exemption suspended in accordance with § 58.1-623.1 .
2002, c. 775 .