Any person who sells a watercraft in this Commonwealth shall retain a copy of the invoice required by § 58.1-1403 for three years following such sale. Any person taxed as a dealer under § 58.1-1402 shall retain a copy of all invoices for lease, charter or other usage of watercraft for three years following such transaction. Each invoice shall give an accurate description of the watercraft sold, leased or used.
Code 1950, § 58-685.48; 1981, c. 405; 1984, c. 675.
Structure Code of Virginia
Chapter 14 - Virginia Watercraft Sales and Use Tax
§ 58.1-1401.1. When motor deemed a watercraft
§ 58.1-1403. Basis of tax; estimate of tax; penalty for misrepresentation
§ 58.1-1405. Time for payment of tax
§ 58.1-1406. Dealers' certificates of registration
§ 58.1-1407. Retention of documents
§ 58.1-1408. Civil penalties and interest