Paul Krizek
- Democratic
- Delegate
- District 16
Wagering on historical horse racing; licensee retained funds for distribution to Problem Gambling Treatment and Support Fund and localities. Provides that with respect to the first 3,000 authorized terminals, 0.01 percent of the amount that a horse racing licensee retains from wagering on historical horse racing pools shall be deposited in the Problem Gambling Treatment and Support Fund. The bill reduces from 0.75 to 0.74 the percentage of such retained amount that accrues to the general fund. The bill also provides that with respect to the 2,000 terminals authorized by the 2020 Session of the General Assembly, a horse racing licensee shall retain 1.6 percent from wagering on historical horse racing pools, to be distributed as follows: 0.95 percent of such retained amount to the Commonwealth as a license tax, 0.01 percent to the Problem Gambling Treatment and Support Fund, and (i) if generated at a racetrack, 0.64 percent to the locality in which the racetrack is located or (ii) if generated at a satellite facility, 0.32 percent to the locality in which the satellite facility is located and 0.32 percent to the Virginia locality in which the racetrack is located.
Horse racing tax. Provides that 0.01 percentof the amount that a horse racing licensee retains from wageringon historical horse racing pools shall be deposited in the ProblemGambling Treatment and Support Fund. The bill reduces from 0.75 percentto 0.74 percent the percentage of such retained amount that accruesto the general fund.
Approved by Governor-Chapter 511 (effective 7/1/22)
Governor's Action Deadline 11:59 p.m., April 11, 2022
Enrolled Bill communicated to Governor on March 22, 2022
Impact statement from DPB (HB574ER)
Signed by President
Signed by Speaker
Enrolled
Constitutional reading dispensed (40-Y 0-N)
Passed Senate (40-Y 0-N)
Read third time
Reported from General Laws and Technology (11-Y 0-N)
Referred to Committee on General Laws and Technology
Constitutional reading dispensed
VOTE: Block Vote Passage (100-Y 0-N)
Read third time and passed House BLOCK VOTE (100-Y 0-N)
Committee substitute agreed to 22104956D-H1
Read second time
Engrossed by House - committee substitute HB574H1
Read first time
Reported from Appropriations (22-Y 0-N)
Subcommittee recommends reporting (8-Y 0-N)
Impact statement from DPB (HB574H1)
Assigned App. sub: Commerce Agriculture & Natural Resources
Reported from General Laws with substitute (21-Y 0-N)
Referred to Committee on Appropriations
Committee substitute printed 22104956D-H1
House committee, floor amendments and substitutes offered
Subcommittee recommends reporting with substitute (8-Y 0-N)
Subcommittee recommends referring to Committee on Appropriations
House subcommittee amendments and substitutes offered
Impact statement from DPB (HB574)
Assigned GL sub: Subcommittee #3
Prefiled and ordered printed; offered 01/12/22 22103757D
Referred to Committee on General Laws
Bill Text Versions | Format |
---|---|
Prefiled and ordered printed; offered 01/12/22 22103757D | PDF HTML |
Committee substitute printed 22104956D-H1 | PDF HTML |
HB574ER | PDF HTML |
CHAP0511 | PDF HTML |
Document | Format |
---|---|
Fiscal Impact Statement: HB574FER122.PDF | |
Fiscal Impact Statement: HB574FH1122.PDF | |
Fiscal Impact Statement: HB574F122.PDF |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.