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ARTICLE · 01 MARCH 2012

Virginia General Assembly 2012 Regular Session Tax Legislation Update

Reed Smith
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The 2012 regular session of the General Assembly is ongoing, and several taxation bills are under consideration.

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Donald Griswold
Donald Griswold
Jeremy Abrams
Jeremy Abrams
Walter Nagel
Walter Nagel
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The 2012 regular session of the General Assembly is ongoing, and several taxation bills are under consideration. Following is a description and status of significant tax legislation:

General Assembly Forces Amazon, Governor, Back to the Negotiating Table

  • In what appears to be the direct result of the Senate's rebuke to an earlier agreement between Gov. McDonnell and Amazon, a new deal requiring Amazon to collect sales tax on retail sales to customers in Virginia was announced and incorporated into the Senate's proposed bill on February 22.

    Under the original agreement reached in December 2011 between Amazon and Gov. McDonnell, Amazon would spend $135 million and bring 1,350 jobs and two new distribution centers to suburban Richmond, but would never have to collect sales tax. Amazon already has a web-services facility and a fulfillment center in the Commonwealth, but is not required to collect sales tax based on a 2007 ruling by the Department of Taxation.

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