2006 Code of Virginia § 58.1-16 - Overcollection of tax
58.1-16. Overcollection of tax.
Any person responsible for collecting any tax administered by the Departmentor the Division of Motor Vehicles who overcollects such tax and fails toaccount for and pay such overcollection to the appropriate state agency bythe time his regular monthly or quarterly return is due shall be liable forthe amount of such overcollection, and in addition a penalty of twenty-fivepercent of such overcollection. The Commissioner administering such tax maywaive such penalty for good cause.
(Code 1950, 58-44.2; 1979, c. 133; 1984, c. 675.)
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