Printer Friendly

Federal contractors in Virginia may get relief from sales taxes.

Federal contractors in Virginia may get relief from sales taxes on some of their contracts.

The state's new governor, Democrat Tim Kaine, will ask the legislature to stop taxing goods that are sold to the government on contracts primarily for services, The Washington Post reported.

Under terms of the governor's proposed budget, state tax collectors would examine each task order on a contract to determine whether the "true object" is to provide services rather than goods. If so, goods sold as part of the contract would not be subject to sales tax.
COPYRIGHT 2006 Business Research Services, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Washington Insider
Publication:Set-Aside Alert
Date:Jan 27, 2006
Words:92
Previous Article:8(a) contracts awarded.
Next Article:Advisory panel would boost SDVs, HUBZones.
Topics:


Related Articles
1996 tax law changes - business.
New independent contractor bill.
Are State Sales Tax Holidays on Vacation? (On First Reading).
Capital area wins bigger share of federal procurement dollars.
Availability of the foreign earned income exclusion, FTCs and combat pay exclusion for U.S. government contractors.
Withholding tax riles government contractors.
GSA chief fights "complacent" bureaucracy, damaging news leaks and her own missteps.
Washington watch: the new leadership's possible effect on issues important to state and local government.
President signs tax bill: new regulations and burdens on state and local governments: several portions of the new Tax Increase Prevention and...
Industry coalition fights tax withholding law.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |