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2019 SESSION
SB 1574 Revenue sharing; gaming in the Commonwealth.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Revenue sharing; gaming in the Commonwealth. Creates a revenue sharing program, if gaming is authorized in the Commonwealth, that would require the owner or operator of any gaming establishment to share a percentage of its adjusted gross receipts with the Commonwealth, ranging from 13 to 15 percent based on its annual adjusted gross receipts. The revenues would be distributed as follows: 30 percent to transportation initiatives, with one-third allocated to projects in the Interstate 81 corridor, one-third allocated to the Northern Virginia Transportation Authority Fund, and one-third allocated to the Hampton Roads Transportation Fund; 30 percent to school construction and modernization; 10 percent to support increases in teacher pay; 10 percent to support initiatives related to higher education affordability; 10 to the locality in which the revenues were collected; nine percent to support the marketing and promotion of tourism destinations, and one percent to used to prevent and treat gambling addictions.
FULL TEXT
- 01/09/19 Senate: Prefiled and ordered printed; offered 01/09/19 19103196D pdf | impact statement
- 01/31/19 Senate: Committee substitute printed 19105363D-S1 pdf | impact statement
HISTORY
- 01/09/19 Senate: Prefiled and ordered printed; offered 01/09/19 19103196D
- 01/09/19 Senate: Referred to Committee on Finance
- 01/31/19 Senate: Reported from Finance with substitute (13-Y 0-N)
- 01/31/19 Senate: Committee substitute printed 19105363D-S1
- 02/04/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/05/19 Senate: Read second time
- 02/05/19 Senate: Reading of substitute waived
- 02/05/19 Senate: Committee substitute agreed to 19105363D-S1
- 02/05/19 Senate: Engrossed by Senate - committee substitute SB1574S1
- 02/05/19 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/05/19 Senate: Passed Senate (40-Y 0-N)
- 02/08/19 House: Placed on Calendar
- 02/08/19 House: Read first time
- 02/08/19 House: Referred to Committee on Appropriations
- 02/08/19 House: Assigned App. sub: General Government & Capital Outlay
- 02/19/19 House: Left in Appropriations