CHAPTER 50

An Act to amend and reenact § 58-721 of the Code of Virginia, as amended,
relating to the waiver of penalties under certain conditions for failure
to file certain reports and pay certain taxes on the sale of motor fuel.
Be it enacted by the General Assembly of Virginia:

1. That § 58-721, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 58-721. When any dealer fails to submit its monthly report to the
Commissioner by the last day of the following month or when such dealer
fails to submit the data required by § 58-713 in such monthly report, or
when such dealer fails to pay to the Commissioner the amount of taxes
hereby imposed when the same are payable as required by § 58-713 or
payment of the tax is not sent to the Commissioner of the Division of
Motor Vehicles by United States mail in an envelope bearing a postmark
showing that it was mailed on the last day of the month except, in in-
stances where the last day of the calendar month falls on a Sunday or
a legal holiday, on the first day of the month following the last day of
the month in which it became due, there shall be automatically added
thereto a penalty equal to ten per centum of the tax, to be paid by such
dealer. Thereafter the tax and penalty shall bear interest at the rate of
one per centum per month until the tax * and penalty are paid. The Com-
missioner may, not more than once within a twelve month period for a
particular taxpayer, waive a penalty upon presentation of satisfactory
proof of mailing within the first three days of the month following the
last day of the month in which the tax became due.