Revenue sharing; gaming in the Commonwealth. (SB1574)

Introduced By

Sen. Tommy Norment (R-Williamsburg)

Progress

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

Description

Revenue sharing; gaming in the Commonwealth. Creates a revenue sharing program, if gaming is authorized in the Commonwealth, that would require the owner or operator of any gaming establishment to share 40 percent of its adjusted gross receipts with the Commonwealth. The revenues would be distributed as follows: 40 percent would be used to support higher education affordability initiatives, forty percent would be used to support elementary and primary school construction, and twenty percent would be used to supporting the marketing and promotion of Virginia tourism destinations. Read the Bill »

Status

01/09/2019: Awaiting a Vote in the Finance Committee

History

DateAction
01/09/2019Prefiled and ordered printed; offered 01/09/19 19103196D
01/09/2019Referred to Committee on Finance

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