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Modernizes collection of motor fuel taxes for Virginia DMV.
February 27, 2019
By: Anthony Locicero
Copy editor, New York Post
SICPA, in partnership with the Virginia Department of Motor Vehicles (DMV), announced the successful launch of the new Virginia Excise Tax System (VAETS) to support the collection of nearly $1 billion in state revenue annually for the Commonwealth Transportation Fund. The Virginia DMV signed a 10-year contract with SICPA for approximately $9.5 million to replace its 20-year-old tax filing solution. VAETS, which is based on the SICPA Excise Tax System (SETS), enhances DMV’s abilit...
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