Be it enacted by the General Assembly of Virginia: 1. That §58.1-1802.1 of the Code of Virginia is amended and reenacted as follows: §58.1-1802.1. Period of limitations on collection; accrual of interest and penalty. A. Where the assessment of any tax imposed by this subtitle
has been made within the period of limitation properly applicable thereto, such
tax may be collected by levy, by a proceeding in court, or by any other means
available to the Tax Commissioner under the laws of the Commonwealth, but only
if such collection effort is made or instituted within B. The running of the period of limitations on collection shall be suspended for the period the assets of the taxpayer are in the control or custody of any state or federal court, including the United States Bankruptcy Court, or for the period during which a taxpayer is outside the Commonwealth if such period of absence is for a continuous period of at least six months. C. If the Department of Taxation has no contact with the
delinquent taxpayer for a period of D. For purposes of this section, the "last known address" of the taxpayer means the address shown on the most recent return filed by or on behalf of the taxpayer or the address provided in correspondence by or on behalf of the taxpayer indicating that it is a change of the taxpayer's address. |