RD104 - Annual Report on the Personal Property Tax Relief Act (PPTRA) Compliance Program
Executive Summary: Item 286 F. 1 of Chapter 4 (the Appropriations Act) of the 2004 Special Session I Acts of Assembly requires the Department of Taxation to continue the comprehensive Personal Property Tax Relief Act (PPTRA) Compliance Program begun January 1, 2003. Item 286 F.9 of the Appropriations Act requires the Department of Taxation to make an annual report to you by November 1 on the total overpayments by the Commonwealth that have been identified for the prior fiscal year. TAX developed and distributed compliance guidelines to all Commissioners of the Revenue and Treasurers in August 2002. The Car Tax Compliance Program consists of three major components. The first component requires taxpayers to be notified in plain English of the limitations on receiving car tax relief through existing processes such as vehicle titling, registration renewal, decal purchases, personal property tax return filings and tax billings. The second component requires taxpayers to certify the use of the vehicle as either personal or business. The final component requires each Commissioner of the Revenue to develop and implement a compliance program designed to identify and to audit likely cases of car tax relief being granted to non-qualifying vehicle owners. TAX provides information from Virginia income tax returns to assist Commissioners in discovering car tax audit candidates. |