58.1-3733 - License tax on commission merchants. - Virginia Statutes

§ 58.1-3733. License tax on commission merchants.

Any person engaged in the business of selling merchandise on commission bysample, circular, or catalogue for a regularly established retailer, who hasno stock or inventory under his control other than floor samples held fordemonstration or sale and owned by the principal retailer, shall beclassified as a commission merchant and taxed only on commission income asprovided for in category A 4 of § 58.1-3706. Such person engaged in suchbusiness shall not be subject to tax on total gross receipts from such sales.

(Code 1950, § 58-266.1; 1950, p. 155; 1956, c. 242; 1964, c. 424; 1968, c.619; 1970, cc. 231, 547; 1974, cc. 196, 438; 1975, cc. 23, 621; 1976, cc.521, 719; 1977, c. 320; 1978, cc. 772, 799, 817; 1979, c. 565, 568, 570;1980, cc. 318, 736; 1981, cc. 419, 636; 1982, cc. 348, 548, 552, 554, 558,633; 1983, c. 554; 1984, cc. 247, 675, 695.)