58.1-2252 - Remittance of tax to provider of alternative fuel. - Virginia Statutes

§ 58.1-2252. Remittance of tax to provider of alternative fuel.

A purchaser of alternative fuel, other than a bulk user of alternative fuelor a retailer of alternative fuel who is liable for the tax pursuant tosubsection A of § 58.1-2251, shall remit the tax due on the fuel to theprovider of the fuel. A bulk user of alternative fuel or retailer ofalternative fuel who has posted a bond in accordance with § 58.1-2246 shallnot be required to remit the tax to the provider until the date the provideris required to pay the tax to the Commonwealth. All tax payments received bya provider of alternative fuel from a bulk user of alternative fuel orretailer of alternative fuel shall be held in trust by the provider until theprovider remits the tax payments to the Commonwealth, and the provider shallconstitute the trustee for such tax payments. The date by which otherpurchasers of alternative fuel are required to remit tax to a provider shallbe determined by agreement between the provider and the purchaser.

(2000, cc. 729, 758.)