Virginia § 18.2-204.3 Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty

Virginia Statutes

§ 18.2-204.3 — Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty

Virginia § 18.2-204.3

Title 18.2CRIMES AND OFFENSES GENERALLY

Ch. 6CRIMES INVOLVING FRAUD

Art. 7MISCELLANEOUS FALSE AND FRAUDULENT ACTS

This text of Virginia § 18.2-204.3 (Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 18.2-204.3 (2026).

Text

A.Any person who transfers or attempts to transfer any trade or business to another person, where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.

B.Any person who knowingly advises another person to transfer any trade or business to another person where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.

C.Any person who is found guilty of more than two such actions under subsections A or B is guilty of a Class 6 felony.

D.It shall be the duty of the attorney for the Commonwealth to whom the Commission shall report, pursuant to subsection B of § 60.2-500, any violation of this section, to determine whether to proceed with prosecution.

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A. Any person who transfers or attempts to transfer any trade or business to another person, where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.

B. Any person who knowingly advises another person to transfer any trade or business to another person where the sole or primary purpose of the transfer is to obtain a lower unemployment tax rate, is guilty of a Class 1 misdemeanor.

C. Any person who is found guilty of more than two such actions under subsections A or B is guilty of a Class 6 felony.

D. It shall be the duty of the attorney for the Commonwealth to whom the Commission shall report, pursuant to subsection B of § 60.2-500, any violation of this section, to determine whether to proceed with prosecution.