VA SB523 | 2024 | Regular Session

Virginia Senate Bill 523 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-02-14 - Left in Finance and Appropriations
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Sales tax revenues; entertainment arena. Adds entertainment arena to the definition of public facility to allow a locality to collect all sales tax revenues generated by transactions at such a facility, provided that a locality owns an interest in the facility and contributes to financing its construction. The bill also allows a municipality to issue bonds to finance a public facility on or after July 1, 2024, but prior to July 1, 2027.

Title

Sales tax revenues; entertainment arena.

History

Date	Chamber	Action
2024-02-14	Senate	Left in Finance and Appropriations
2024-01-09	Senate	Referred to Committee on Finance and Appropriations
2024-01-09	Senate	Prefiled and ordered printed; offered 01/10/24 24104655D

Subjects

Public Buildings Facilities and Property
Sales and Use Tax
Taxation

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
58	1	608.3	(n/a)	See Bill Text

Virginia State Sources

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB523
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB523+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB523F161+PDF