2006 Code of Virginia § 60.2-512 - Requiring payroll and tax reports and payment of taxes
60.2-512. Requiring payroll and tax reports and payment of taxes.
A. The Commission is hereby expressly authorized to require the filing ofpayroll and tax reports, and the payment of the taxes required by 60.2-511in monthly, quarterly, semiannual or annual payments as shall be determinedby the Commission; however, if the due date for filing of reports or paymentof taxes falls on a Saturday, Sunday or legal holiday, the due date shall beextended to the next business day that is not a Saturday, Sunday or legalholiday. The aggregate amount of taxes shall be fully paid to the Commissionon or before January 31 of each year next succeeding the year with respect toemployment during which year such taxes are imposed, or in the event the timeis extended for filing the return of the taxes imposed by Title IX of theSocial Security Act for the year for which such taxes are imposed, thenbefore the expiration of such extension. Taxes due and payable in an amountless than five dollars shall be deemed to be fully paid; however, this doesnot relieve an employer from filing payroll and tax reports as hereinrequired.
B. Beginning January 1, 1994, employers who report 250 or more employees inany calendar quarter must file quarterly reports on a magnetic medium using aformat prescribed by the Commission. Waivers will be granted only if theCommission finds this requirement creates an unreasonable burden on theemployer. All requests for waiver must be submitted in writing.
C. Notwithstanding the provisions of subsection A, no payroll and tax reportsshall be filed with respect to an employee of a state or local agencyperforming intelligence or counterintelligence functions, if the head of suchagency has determined that filing such a report could endanger the safety ofthe employee or compromise an ongoing investigation or intelligence mission.
(Code 1950, 60-61; 1968, c. 738, 60.1-73; 1981, c. 99; 1984, c. 458;1986, c. 480; 1993, c. 249; 1996, c. 264; 1997, c. 385.)
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