May 25-31, 2014
Virginia retailers who sell certain hurricane preparedness merchandise are required to participate in the upcoming statewide Hurricane Preparedness Sales Tax Holiday. During this seven-day period, retailers will not collect and remit the sales tax, which is generally 5.3% (6% in certain jurisdictions) on exempt items.
Eligible merchandise includes emergency supplies costing $60 or less per item as well as portable generators, generator power cords, inverters and inverter power cables priced at $1,000 or less per item.
Click here to see the full list of eligible items exempt from sales tax.
You can also visit the Virginia Department of Taxation's website for more details.
Contact the Virginia Retail Federation.
|June 1, 2014 is the implementation date for Henrico County, Virginia's food and beverage tax, or "meals tax." Retail establishments that serve prepared foods, such as restaurants, amusement parks, mobile food services, cafeterias, deli counters and push carts will be required to collect a 4% meals tax, and remit it to Henrico County on the 20th of each month. 3% of the total collection is a "hold back" for the retailer. Registration is required in order for a certificate to be issued by Henrico County. |
You are encouraged to consult Henrico County's website for specifics about implementation of the meals tax collection. There are many details businesses must follow in order to comply with the collection process. For example:
Contact information for Henrico County:
Click for more Henrico County Meals Tax information
… and the VRF lobbyists are busy advocating on behalf of local retailers.
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