{"data":{"id":"us-va/va.-code-58.1-3734.1","jurisdiction":"us-va","citation":"Va. Code § 58.1-3734.1","heading":"Sales involving trade-ins","body":"A. No locality shall assess omitted taxes against any motor vehicle dealer which calculated its gross receipts for license tax purposes by excluding the value of any vehicle accepted as a trade-in for periods of time prior to January 1, 1991, unless such locality enforced the requirement that motor vehicle dealers include the amount of a trade-in vehicle in gross receipts for periods prior to January 1, 1990.B. Whenever a motor vehicle dealer accepts a trade-in as part of a sale of a motor vehicle, the dealer's gross receipts for license tax purposes shall not include the amount of the trade-in.1990, c. 670.","path":["Title 58.1. TAXATION","Subtitle III. LOCAL TAXES","Chapter 37. LICENSE TAXES"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-3734.1/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"9dba56f0054dcec3636a46fa4bb0960120916d14be1943a4969052d5743c3780","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-3734","next":"us-va/va.-code-58.1-3735"},"notice":"GroundRules: Original legal text. Not legal advice."}