Virginia Extends Sunset Dates for Sales Tax Exemptions

DALLAS, March 17, 2017 /PRNewswire/ -- Legislation has been enacted that extends the sunset dates for three sales tax exemption programs.

House Bill 1529 (effective July 1, 2017) concerns the Virginia sales tax holiday period for school supplies and clothing, Energy Star and WaterSense products, and hurricane preparedness items. Exempt school supplies include, but are not limited to, dictionaries, notebooks, pens, pencils, notebook paper, and calculators. The House Bill extends the sunset date from July 1, 2017 to July 1, 2022.

Senate Bill 804 (effective July 1, 2017) concerns the exemption for printing services purchased by an advertising business from a printer in Virginia for material that will be distributed outside the state. The Senate Bill extends the sunset date from July 1, 2017, to July 1, 2022.

House Bill 1543 (effective July 1, 2017) exempts the lease, rental, license, sale, other transfer, or use of any audio or video tape, film, or other audiovisual work for the purpose of licensing, distributing, broadcasting, commercially exhibiting, or reproducing the work or using or incorporating the work into other audiovisual products. Production services or fabrication services provided in connection with such production of audiovisual work are also exempt. The House Bill extends the sunset date from July 1, 2019 to July 1, 2022.  

About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.

TECHNICAL INFORMATION CONTACTS:

Jeremiah T. Lynch
Principal
Ryan
212.871.3901
[email protected]

SOURCE Ryan

Related Links

http://www.ryan.com