(a) Every person engaged in the
short-term rental business with a valid certificate of registration from the commissioner
of the revenue shall collect this daily rental tax from the lessee of the daily rental
property at the time of the rental.
(b) The person collecting this tax shall maintain a record of all
rental transactions for which this tax is collected which record shall contain:
(1) A description of the property rented;
(2) The period of time for which the property was rented;
(3) The name of the person to whom the property was rented; and
(4) The amount charged for each rental, including all late charges,
penalties and interest.
(c) Every person engaged in the short-term rental business shall
maintain a complete record of all exemptions from payment of this tax granted to renters
of short-term rental property, including, in addition to the information specified in
subsection (b) of this section:
(1) A copy of the Virginia Department of Taxation tax-exemption
certificate; or
(2) A copy of the U. S. Department Tax exemption certificate, which
certificate must specify that the renter is exempt from sales tax; or
(3) Other explanation and proof of claimed exemption.