As I predicted in my last post, Virginia has added the modern nexus legislation into their current fiscal budget.
SALES AND USE TAX COLLECTIONS FROM OUT-OF-STATE ENTITIES
For purposes of Virginia’s retail sales and use taxes (§ 58.1-600 et seq. of the Code of Virginia), a dealer as defined or described under § 58.1-612 of the Code of Virginia shall be presumed to be soliciting or transacting business by an independent contractor, agent, or other representative, if the dealer enters into an agreement with a resident of the Commonwealth under which the resident, for a commission or other consideration, directly or indirectly refers potential customers, whether by a link on an Internet site or otherwise, to the dealer if the cumulative gross receipts from sales by the dealer to purchasers in the Commonwealth who are referred to the dealer by all residents with this type of agreement with the dealer are in excess of $10,000 during the preceding four quarterly periods.
All affiliates are urged to continue preparing their business model. You also need to follow up with your legislators voicing your opinion. Any affiliate is welcome to contact me for help with this and any issue. Whether you are just starting out or are well established I welcome your contact.
Contact me via the contact page, link in top navigation menu.
Far from over in Virginia!
Link to Virginia Budget
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