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2003 SESSION

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HB 2214 Virginia Charitable Gaming Commission; fair market rental value.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Charitable Gaming Commission; fair market rental value; minimum percentage to charity; waiver. Allows the rent paid by an organization for the rental of a bingo hall to be used as a lawful part of an organization’s gross receipts. The bill also provides for a waiver of the Commission-determined percentage of gross receipts going to the charitable purposes for which the organization was specifically organized or chartered, and sets out how and when a waiver may be granted by the Commission.


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