Section 520. Obligation of a former rentor

Latest version.

Any rentor who sells or terminates a rental business is required to do the following:

1. File final rental tax returns and pay any taxes and fees due within 30 days of selling or terminating the business;

2. Surrender his certificate of registration to the commissioner with his final return; and

3. File, with his final returns, a letter to the commissioner explaining the conditions of the sale or termination of the business and the names and addresses of any successors to the business.

Historical Notes

Derived from VR485-60-8701 § 9, eff. January 1, 1987; amended, Volume 13, Issue 22, eff. July 1, 1997; Volume 20, Issue 21, eff. July 1, 2004.

Statutory Authority

§ 58.1-2421 of the Code of Virginia.

                    
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