SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2000 SESSION

  • | print version

HB 811 Charitable gaming; fair market rental value, study.

Introduced by: Johnny S. Joannou | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Charitable gaming; fair market rental value. Establishes a moratorium on any disciplinary actions by the Charitable Gaming commission solely based on an organization’s failure to meet the required minimum percentage of gross receipts required to be used for charitable purposes provided (i) that organization was conducting gaming in a rented facility prior to January 1, 2000, and (ii) the organization is otherwise in compliance with the law. In addition, the bill also prohibits the lease or rental of any premises devoted to the conduct of charitable gaming from being conditioned upon the use or the purchase of any services, products or readily portable property from any landlord or other person unless they are included in the rent being paid. The bill also directs the Commission to examine the issues related to the fair market rental value and its effect on the ability of organizations to meet the minimum percentages of gross receipts required to be used for charitable purposes and to report to the Governor and General Assembly by January 10, 2001. The bill has a July 1, 2001, sunset.

SUMMARY AS PASSED HOUSE:

Charitable gaming; fair market rental value. Defines the fair market rental value for any premises devoted, in whole or in part, to the conduct of any charitable games as ten percent of the first $200,000 of gross receipts of the qualified organization and five percent of all the gross receipts thereafter of the qualified organization during a given reporting period.

SUMMARY AS INTRODUCED:

Charitable gaming; fair market rental value. Defines the fair market rental value for any premises devoted, in whole or in part, to the conduct of any charitable games as ten percent of the first $200,000 of gross receipts of the qualified organization and five percent of all the gross receipts thereafter of the qualified organization during a given reporting period.