Retail Sales and Use Tax; revenues generated on premises of new stadium to be used to pay bonds. (HB1803)

Introduced By

Del. Manoli Loupassi (R-Richmond) with support from co-patrons Del. Frank Hall (D-Richmond), and Del. Chris Peace (R-Mechanicsville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Sales and use tax; entitlement to certain revenues. Sets aside certain sales tax revenues generated by transactions occurring on the premises of a new stadium or structures attached thereto with such revenues to be used to repay any bonds issued to finance the construction of such stadium. The bonds must be issued on or after July 1, 2009, but before July 1, 2012.   View Full Text »

Outcome

Bill Has Passed
View Bill's History

Duplicate Bills

The following bills are identical duplicates of this one: SB1021.