CHAPTER 729

An Act to amend and reenact §§ 58-441.14 and 58-441.51 of the Code of
Virginia, relating to the brackets of prices to be used for the collection
of sales taxes.

[S 494]
Approved April 5, 1968

Be it enacted by the General Assembly of Virginia:
1. That §§ 58-441.14 and 58-441.51 of the Code of Virginia be amended
and re-enacted as follows: ,

§ 58-441.14. Bracket system for tax at rate of three percent.—On
and after July one, nineteen hundred sixty-eight, the following brackets
of prices shall be used for the collection of the tax imposed by this chapter:

$0.01 to $0.14 no tax

15 to .44 1¢ tax

45 to .74 2¢ tax

.75 to 1.14 3¢ tax
1.15 to 1.49 4¢ tax
1.50 to 1.84 5¢ tax
1.85 to 2.14 6¢ tax
2.15 to 2.49 T¢ tax
2.50 to 2.84 8¢ tax
2.85 to 3.14 9¢ tax
3.15 to 3.49 10¢ tax
3.50 to 3.84 1l¢ tax
3.85 to 4.14 12¢ tax
4.15 to 4.49 13¢ tax
4.50 to 4.84 14¢ tax
4.85 to 5.00 15¢ tax

On transactions over five dollars, the tax shall be computed at a straight
three percent, one-half cent or more being treated as one cent. The fore-
going bracket system shall not relieve the dealer from the duty and liability
to remit an amount equal to three percent of his gross taxable sales as
provided in this chapter, provided, however, that 1f the dealer can show
to the satisfaction of the Commissioner that more than eighty-five per-
cent of the total dollar volume of his gross taxable sales during the taxable
month was from individual sales at prices of ten cents or less each, and
that he was unable to adjust his prices in such manner as to prevent the
economic incidence of the sales tax from falling on him, the Commis-
sioner shall determine the proper tax liability of the dealer based on that
portion of the dealer’s gross taxable sales which was from sales at prices
of eleven cents or more.

§ 58-441.51. Bracket system for combined State and local tax under
State rate of three percent and local rate of one percent.—On and after
July one, nineteen hundred sixty-eight, the following brackets of prices
shall be used for the collection of the combined State and local tax:

$0.01 to $0.14 no tax

15 to 34 1¢d tax

5 to .o9 2¢ tax

.60 to 84 3¢ tax

85 to 1.14 4¢ tax
1.15 to 1.34 5¢ tax
1.35 to 1.59 6¢ tax
1.60 to 1.84 7¢ tax
1.85 to 2.14 8¢ tax
2.15 to 2.34 9¢ tax
2.35 to 2.59 10¢ tax
2.60 to 2.84 11¢ tax
2.85 to 3.14 12¢ tax
3.15 to 3.384 13¢ tax
38.385 to 3.09 14¢ tax
3.60 to 3.84 15¢ tax
3.85 to 4.14 16¢ tax
4.15 to 4.34 17¢ tax
4.35 to 4.59 18¢ tax
4.60 to 4.84 19¢ tax
4.85 to 5.00 20¢ tax

On transactions over five dollars, the tax shall be computed at a straight
four percent, one-half cent or more being treated as one cent. The fore-
going bracket system shall not relieve the dealer from the duty and
liability to remit an amount equal to four percent of his gross taxable
sales as provided in this chapter * , provided, however, that if the dealer
can show to the satisfaction of the Commissioner that more than etghty-
five percent of the total dollar volume of his gross taxable sales during the
taxable month was from individual sales at prices of ten cents or less each,
and that he was unable to adjust his prices in such manner as to prevent
the economic incidence of the sales tax from falling on him, the Com-
missioner shall determine the proper tax liability of the dealer based on
that portion of the dealer’s gross taxable sales which was from sales at
prices of eleven cents or more.