Virginia Gov. Wants To Remove Early Sales Tax Payments | WAMU 88.5 - American University Radio

WAMU 88.5 : Morning Edition

Filed Under:

Virginia Gov. Wants To Remove Early Sales Tax Payments

Play associated audio

Virginia's Governor is proposing an end to the commonwealth's accelerated sales tax for most retailers.

The revised budget Gov. Bob McDonnell presents to legislators next week will eliminate the requirement that businesses pay estimated sales taxes early for all but about 200 Virginia retail merchants, freeing up 98 percent of dealers from the budget-balancing tactic that was implemented more than three years ago. 

McDonnell's budget will include nearly $21 million to offset revenue lost from drastically reducing the number of dealers subject to the accelerated sales tax, governor's office says.

Many merchants say they despise the requirement that they make early estimated sales tax payments and McDonnell has called the measure a budget gimmick that is anti-business. It was enacted in 2009 to shore up state finances at the depth of the recession. Last year, McDonnell asked lawmakers to start phasing it out early. 

NPR

Seahawks, Patriots, Face Off For Super Bowl XLIX

Seattle, the defending champs, hope to do it again in Glendale, Ariz., but the face slightly favored New England.
NPR

College Life Doesn't Have To Mean Crummy Cuisine, Says Dorm Room Chef

Sick of dining hall pizza, public health student Emily Hu taught herself how to cook — even with no oven. Now she's hoping to inspire her peers to pick up cooking skills and healthier eating habits.
NPR

Democrat Seeks To Authorize Operations Against ISIS

Rep. Adam Schiff of California plans to introduce a bill to allow congressional authorization of military operations against ISIS. NPR's Rachel Martin talks to Rep. Schiff about the new legislation.
NPR

In Sweden, Remote-Control Airport Is A Reality

Sweden is the first country in the world to use new technology to land passenger airplanes remotely. At an airport in a tiny town, flights are guided by operators sitting miles away.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.