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SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend and reenact § 58.1-1817 of the Code of Virginia, relating to installment agreements for payment of taxes.
VIRGINIA ACTS OF ASSEMBLY -- 2023 SESSION CHAPTER 643 An Act to amend and reenact § 58.1-1817 of the Code of Virginia, relating to installment agreements for payment of taxes.
R O [H 1369] Approved L L 1.
[H 1369] Approved March 26, 2023 Be it enacted by the General Assembly of Virginia:
1.
E A.
A.
The Tax Commissioner is required to offer to enter into a written agreement with any taxpayer filing a return for taxes imposed under Article 2 (§ 58.1-320 et seq.) of Chapter 3 under which such taxpayer is allowed to satisfy his tax liability in installment payments over a payment period of up to five years on petition by the taxpayer, if the Tax Commissioner determines such an agreement will facilitate collection.
The Tax Commissioner is required to offer to enter into a written agreement with any taxpayer filing a return for taxes imposed under Article 2 (§ 58.1-320 et seq.) of Chapter 3 under which such taxpayer is allowed to satisfy his tax liability in installment payments over a payment period of up to five years on petition by the taxpayer, if the Tax Commissioner determines such an agreement will facThe 2.
written agreement with any taxpayer under which such taxpayer is allowed to satisfy his tax liability in installment payments, if the Tax Commissioner determines such an agreement will facilitate collHction.
Except as identified in subdivision 1, the Tax Commissioner is authorized to enter into a written agreement with any taxpayer under which such taxpayer is allowed to satisfy his tax liability in installment payments, if the Tax Commissioner determines such an agreement will facilitate collection.
Except as otherwise provided in this section, any agreement entered into by the Tax B Commissioner under subsection A shall remain in effect for the term of the agreement.
Except as otherwise provided in this section, any agreement entered into by the Tax Commissioner under subsection A shall remain in effect for the term of the agreement.
3 The Tax Commissioner may terminate any installment agreement if:
The Tax Commissioner may terminate any installment agreement if:
9 1.
1.
Information which that the taxpayer provided prior to the date such agreement was enteredRinto was inaccurate or incomplete;
Information which that the taxpayer provided prior to the date such agreement was entered into was inaccurate or incomplete;
or in jeopardy.x Commissioner determines that the collection of any tax to which an agreement relates is C.
or 2.
The Tax Commissioner determines that the collection of any tax to which an agreement relates is in jeopardy.
C.
the failure of the taxpayer:ay alter, modify, or terminate an installment agreement in the case of 1.
D.
The Tax Commissioner may alter, modify, or terminate an installment agreement in the case of the failure of the taxpayer:
1.
The Tax Commissioner may alter, modify, or terminate an installment agreement under other 2.
The Tax Commissioner may alter, modify, or terminate an installment agreement under other exceptional circumstances as he deems appropriate.
2.
The Division of Legislative Services shall assist 2023, and submit a report of its findings and recommendations to the Chairmen of the House, Committee on Finance, the House Committee on Appropriations, and the Senate Committee on Finance and Appropriations by November 15, 2023.
The Division of Legislative Services shall assist the working group.
The Department's working group shall complete its meetings by October 1, 2023, and submit a report of its findings and recommendations to the Chairmen of the House Committee on Finance, the House Committee on Appropriations, and the Senate Committee on Finance and Appropriations by November 15, 2023.
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