Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 24. Transportation and Motor Vehicles |
Agency 20. Department of Motor Vehicles |
Chapter 100. Virginia Motor Vehicle Rental Taxes and Fees Rules and Regulations |
Section 350. Waiver of requirement for surety bond or other security; release
Latest version.
-
The commissioner may, on request of the rentor, waive the requirement for depositing surety bonds or other security after timely filing of returns and payment of rental taxes and fees on rental vehicles for a period of two fiscal years. The fiscal year shall be from July 1 to June 30. The commissioner will notify the rentor in writing if waiver is approved and will release the surety on the bond deposited or return any other security that was deposited in lieu of a bond.
Historical Notes
Derived from VR485-60-8701 § 6.6, eff. January 1, 1987; amended, Volume 20, Issue 21, eff. July 1, 2004.
Statutory Authority
§ 58.1-2421 of the Code of Virginia.