United States of America: Implementation of Virginia Senate Bill 1398 including taxation of accomodation intermediaries
Description
Implementation of Virginia Senate Bill 1398 including taxation of accomodation intermediaries
Virginia Senate Bill 1398 becomes effective as of 1 September 2021. Under the bill, accommodation intermediaries are required to collect sales, use, and transient occupancy taxes for any accommodation sale they facilitate. The taxes shall be calculated based on the total amount charged for the transaction. Accommodation intermediary means any person other than the accommodation provider that facilitates (brokering, coordinating, arranging) the sale of accommodation. (§ 58.1-602)
Original sourceScope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
platform intermediary: other
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Hide details
2021-01-13
under deliberation
2021-02-04
under deliberation
2021-02-24
adopted
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
platform intermediary: user-generated content
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
listing: housing: marketing (any form)
Regulatory tool
Subordination under sales, use or value-added tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1