2006 Code of Virginia § 58.1-2254 - Exempt sale deduction

58.1-2254. Exempt sale deduction.

A licensed retailer of alternative fuel who has posted a bond in accordancewith 58.1-2246 may deduct from the amount of tax otherwise payable to aprovider of alternative fuel the amount calculated on alternative fuel thatthe licensee received from the provider and resold to a governmental entity,or resold to an organization described in subdivision 2 of 58.1-2250 foruse in the operation of an aircraft, whose purchases of alternative fuel areexempt from the tax under such section if, when purchasing the fuel, theretailer notified the provider of the retailer's intent to resell the fuel inan exempt sale.

(2000, cc. 729, 758.)