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