Code of Virginia (Last Updated:July 28, 2020) |
TITLE 58.1. Taxation |
SUBTITLE I. Taxes Administered By the Department of Taxation |
CHAPTER 15. Virginia Aircraft Sales and Use Tax |
SECTION 58.1-1508. Retention of documents; examination by Commissioner |
Any person who sells, leases or charters an aircraft in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to the transaction required by § 58.1-1503 for three years following such transaction. Each invoice shall give an accurate description of the aircraft sold, leased or used. Code 1950, § 58-685.36; 1974, c. 431; 1984, c. 675. |