Horse racing tax; wagers to be deposited in Problem Gambling Trust and Support Fund, etc. (HB574)

Introduced By

Del. Paul Krizek (D-Alexandria)

Progress

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

Description

Wagering on historical horse racing; licensee retained funds for distribution to Problem Gambling Treatment and Support Fund and localities. Provides that with respect to the first 3,000 authorized terminals, 0.01 percent of the amount that a horse racing licensee retains from wagering on historical horse racing pools shall be deposited in the Problem Gambling Treatment and Support Fund. The bill reduces from 0.75 to 0.74 the percentage of such retained amount that accrues to the general fund. The bill also provides that with respect to the 2,000 terminals authorized by the 2020 Session of the General Assembly, a horse racing licensee shall retain 1.6 percent from wagering on historical horse racing pools, to be distributed as follows: 0.95 percent of such retained amount to the Commonwealth as a license tax, 0.01 percent to the Problem Gambling Treatment and Support Fund, and (i) if generated at a racetrack, 0.64 percent to the locality in which the racetrack is located or (ii) if generated at a satellite facility, 0.32 percent to the locality in which the satellite facility is located and 0.32 percent to the Virginia locality in which the racetrack is located. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103757D
01/11/2022Referred to Committee on General Laws
01/26/2022Assigned GL sub: Subcommittee #3
01/27/2022Impact statement from DPB (HB574)
02/01/2022House subcommittee amendments and substitutes offered
02/01/2022Subcommittee recommends reporting with substitute (8-Y 0-N)
02/01/2022Subcommittee recommends referring to Committee on Appropriations
02/03/2022House committee, floor amendments and substitutes offered
02/03/2022Reported from General Laws with substitute (21-Y 0-N) (see vote tally)
02/03/2022Committee substitute printed 22104956D-H1
02/03/2022Referred to Committee on Appropriations
02/04/2022Assigned App. sub: Commerce Agriculture & Natural Resources
02/09/2022Impact statement from DPB (HB574H1)
02/09/2022Subcommittee recommends reporting (8-Y 0-N)
02/09/2022Reported from Appropriations (22-Y 0-N) (see vote tally)
02/11/2022Read first time
02/14/2022Read second time
02/14/2022Committee substitute agreed to 22104956D-H1
02/14/2022Engrossed by House - committee substitute HB574H1
02/15/2022Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/15/2022VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/16/2022Constitutional reading dispensed
02/16/2022Referred to Committee on General Laws and Technology
03/01/2022Reported from General Laws and Technology (11-Y 0-N) (see vote tally)
03/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/02/2022Read third time
03/02/2022Passed Senate (40-Y 0-N) (see vote tally)
03/07/2022Enrolled
03/07/2022Bill text as passed House and Senate (HB574ER)
03/08/2022Signed by Speaker
03/08/2022Signed by President
03/09/2022Impact statement from DPB (HB574ER)
03/22/2022Enrolled Bill communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/11/2022G Approved by Governor-Chapter 511 (effective 7/1/22)
04/11/2022G Acts of Assembly Chapter text (CHAP0511)

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