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Va. Code Ann. § 58.1-1508

Retention of documents; examination by Commissioner

Known as the Virginia Aircraft Sales and Use Tax Act

The act spans §§ 58.1-1500 to 58.1-1510 (11 sections).

Code 1950, § 58-685.36; 1974, c. 431; 1984, c. 675.

Any person who sells, leases or charters an aircraft in this Commonwealth shall retain a copy of the invoice and other financial data pertaining to the transaction required by § 58.1-1503 for three years following such transaction. Each invoice shall give an accurate description of the aircraft sold, leased or used.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.