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2017 SESSION

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SB 1499 Virginia Riverboat Gaming Commission; created, regulation, penalties.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Riverboat Gaming Commission; regulation of riverboat gaming; penalties. Creates the Virginia Riverboat Gaming Commission as the licensing body for riverboat gaming. The bill specifies the licensing requirements for riverboat gaming and imposes penalties for violations of the riverboat gaming law, and it directs that riverboat gaming shall be limited to localities that have passed a referendum on the question of allowing riverboat gaming in the locality. The bill requires proceeds of the adjusted gross receipts tax and admission tax imposed on riverboat gaming licensees to be paid as follows: (i) 50 percent to the locality in which the riverboat gaming operation is located and (ii) 50 percent into the Transportation Trust Fund.


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