- Virginia has extended the sales and use tax exemption for advertising printed materials to July 1, 2028.
- The exemption applies to printed materials purchased by advertising businesses from Virginia printers for distribution outside Virginia.
- Materials covered include catalogs, brochures, flyers, postcards, and other advertising collateral.
- The exemption does not apply to materials used within Virginia.
- Proper documentation is required to claim the exemption and avoid liabilities.
- The extension supports Virginia’s printing and advertising sectors by encouraging local sourcing for interstate distribution.
- Businesses benefit from tax savings and planning flexibility with the extension.
- Compliance involves maintaining accurate records, including invoices, proof of out-of-state distribution, and exemption certificates.
Source: thompsontax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
