58.1-628.2 - Adjustment to the rate of tax imposed under this chapter. - Virginia Statutes

§ 58.1-628.2. Adjustment to the rate of tax imposed under this chapter.

If a dealer can show to the satisfaction of the Tax Commissioner that morethan 85 percent of the total dollar volume of his gross taxable sales duringthe taxable month was from individual sales at prices of 10 cents or lesseach and that he was unable to adjust his prices in such manner as to preventthe economic incidence of the sales tax from falling on him, the TaxCommissioner shall determine the proper tax liability of the dealer based onthat portion of the dealer's gross taxable sales that was from sales atprices of 11 cents or more.

(2004, Sp. Sess. I, c. 3.)