Conversion of trust taxes; penalty; limitation of prosecutions
Va. Code Ann. § 58.1-1816
in effectAny corporate or partnership officer as defined in § 58.1-1813 , or any other person owning and operating a business, or a fiduciary operating or liquidating a business, who through two or more acts or omissions within a period of ninety days willfully fails to truthfully account for any state sales use or withholding tax totaling $1,000 or more collected from others with the intent not to pay over, shall, in addition to any other penalties provided by law, be guilty of a Class 6 felony. A prosecution under this section shall be commenced within five years next after the commission of the offense.
1992, c. 763.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-1816/Fetched: 10/16/2026