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2009 SESSION

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SB 1021 Retail Sales and Use Tax; revenues generated on premises of new stadium to be used to pay bonds.

Introduced by: A. Donald McEachin | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Sales and use tax; entitlement to certain revenues.  Sets aside certain sales tax revenues generated by transactions occurring on the premises of a baseball statidum for a minor league professional baseball affiliated team 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.

SUMMARY AS INTRODUCED:

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.