VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2019 SESSION

• | print version

SB 1574 Revenue sharing; gaming in the Commonwealth.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

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.

SUMMARY AS INTRODUCED:

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 40 percent of its adjusted gross receipts with the Commonwealth. The revenues would be distributed as follows: 40 percent would be used to support higher education affordability initiatives, forty percent would be used to support elementary and primary school construction, and twenty percent would be used to supporting the marketing and promotion of Virginia tourism destinations.