§ 29.1-333. Reports to Director as to sale of licenses.
A. When remitting license and permit receipts, each clerk or agent shall makea report to the Director, in a manner prescribed by the Director, which shallshow (i) the quantity of licenses of each kind sold and the amount of grosscollections for each kind of license, (ii) the amount of collections retainedas compensation pursuant to § 29.1-332, (iii) the net amount remitted to theDepartment, (iv) the amount of voluntary contributions collected pursuant tosubsection B of § 29.1-330, and (v) any other information that the Directormay require.
B. For failure to make a report and remit the amount due within 30 days afterthe due date, the clerk or agent shall forfeit his compensation for issuinglicenses on such report. If an agent fails to have funds in an amount equalto the Department's records of reported license sales in any account fromwhich remission of revenues to the Department is made by periodic electronictransfer, he shall forfeit his compensation for issuing licenses during theperiod covered by the transfer of the funds. For any subsequent failure tohave funds equal to the Department's records of reported license sales in anaccount from which remission of revenues to the Department is made byperiodic electronic transfer, the Director may revoke the person's status asa license agent.
C. For license sales made by telephone or electronic media, the reports andremittances to the Department shall be made not less than quarterly and inaccordance with a schedule prescribed by the Board. For license sales madeother than by telephone or electronic media, the reports and remittances tothe Department shall be made as follows:
1. For July and August, not later than September 5.
2. For September, October, November and December, monthly, not later than thefifth of the succeeding month.
3. For January, February and March, quarterly, not later than April 5.
4. For April, May and June, quarterly, not later than July 5.
(Code 1950, §§ 29-70, 29-72, 29-73; 1976, c. 660; 1987, c. 488; 1992, c. 374;2000, c. 132; 2003, cc. 95, 737.)
§ 29.1-333. Reports to Director as to sale of licenses.
A. When remitting license and permit receipts, each clerk or agent shall makea report to the Director, in a manner prescribed by the Director, which shallshow (i) the quantity of licenses of each kind sold and the amount of grosscollections for each kind of license, (ii) the amount of collections retainedas compensation pursuant to § 29.1-332, (iii) the net amount remitted to theDepartment, (iv) the amount of voluntary contributions collected pursuant tosubsection B of § 29.1-330, and (v) any other information that the Directormay require.
B. For failure to make a report and remit the amount due within 30 days afterthe due date, the clerk or agent shall forfeit his compensation for issuinglicenses on such report. If an agent fails to have funds in an amount equalto the Department's records of reported license sales in any account fromwhich remission of revenues to the Department is made by periodic electronictransfer, he shall forfeit his compensation for issuing licenses during theperiod covered by the transfer of the funds. For any subsequent failure tohave funds equal to the Department's records of reported license sales in anaccount from which remission of revenues to the Department is made byperiodic electronic transfer, the Director may revoke the person's status asa license agent.
C. For license sales made by telephone or electronic media, the reports andremittances to the Department shall be made not less than quarterly and inaccordance with a schedule prescribed by the Board. For license sales madeother than by telephone or electronic media, the reports and remittances tothe Department shall be made as follows:
1. For July and August, not later than September 5.
2. For September, October, November and December, monthly, not later than thefifth of the succeeding month.
3. For January, February and March, quarterly, not later than April 5.
4. For April, May and June, quarterly, not later than July 5.
(Code 1950, §§ 29-70, 29-72, 29-73; 1976, c. 660; 1987, c. 488; 1992, c. 374;2000, c. 132; 2003, cc. 95, 737.)
§ 29.1-333. Reports to Director as to sale of licenses.
A. When remitting license and permit receipts, each clerk or agent shall makea report to the Director, in a manner prescribed by the Director, which shallshow (i) the quantity of licenses of each kind sold and the amount of grosscollections for each kind of license, (ii) the amount of collections retainedas compensation pursuant to § 29.1-332, (iii) the net amount remitted to theDepartment, (iv) the amount of voluntary contributions collected pursuant tosubsection B of § 29.1-330, and (v) any other information that the Directormay require.
B. For failure to make a report and remit the amount due within 30 days afterthe due date, the clerk or agent shall forfeit his compensation for issuinglicenses on such report. If an agent fails to have funds in an amount equalto the Department's records of reported license sales in any account fromwhich remission of revenues to the Department is made by periodic electronictransfer, he shall forfeit his compensation for issuing licenses during theperiod covered by the transfer of the funds. For any subsequent failure tohave funds equal to the Department's records of reported license sales in anaccount from which remission of revenues to the Department is made byperiodic electronic transfer, the Director may revoke the person's status asa license agent.
C. For license sales made by telephone or electronic media, the reports andremittances to the Department shall be made not less than quarterly and inaccordance with a schedule prescribed by the Board. For license sales madeother than by telephone or electronic media, the reports and remittances tothe Department shall be made as follows:
1. For July and August, not later than September 5.
2. For September, October, November and December, monthly, not later than thefifth of the succeeding month.
3. For January, February and March, quarterly, not later than April 5.
4. For April, May and June, quarterly, not later than July 5.
(Code 1950, §§ 29-70, 29-72, 29-73; 1976, c. 660; 1987, c. 488; 1992, c. 374;2000, c. 132; 2003, cc. 95, 737.)
