The Virginia Governor March 16 signed a law regarding penalties for underpayment, late payment, and late filing of local business license tax and property tax. The law includes measures: 1) providing that local business excise tax forms and accompanying communications shall clearly set out the due date for the license application and the penalty charged for late filing of the application, the underpayment of estimated tax, and late payment of tax; and 2) clarifying that any bill issued by the treasurer or other collecting official that includes, and any communication from the assessing official that imposes, a penalty or interest ...
