Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty

Va. Code Ann. § 18.2-204.3
in effect
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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. 2005, cc. 47 , 91 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/18.2-204.3/Fetched: 10/16/2026

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Va. Code Ann. § 18.2-204.3 — Transfers for the sole or primary purpose of obtaining a lower unemployment tax rate; penalty | Code of Virginia (Aug. 2026 snapshot) | Corpus