Virginia Senate Bill 1142 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 2 2023 - 50% progression, died in chamber
Action: 2023-02-13 - Tabled in Appropriations (21-Y 0-N)
Text: Latest bill text (Comm Sub) [HTML]

Sports betting; adjusted gross revenue. Reduces the exclusion from a sports betting permit holder's adjusted gross revenue, on which it is taxed, all cash and the cash value of merchandise paid out as winnings to bettors, and the value of all bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers, by eliminating such exclusion for the first 12 months of sports betting activity for a permit holder, and subsequently limiting such exclusion to no more than 1.75 percent of the total amount of all sports betting wagers placed with that permit holder each month after the first 12 months of sports betting activity for a permit holder. Under current law, pursuant to the 2022 Special Session I appropriation act, after the first 12 months of sports betting activity, a permit holder is prohibited from excluding from adjusted gross revenue any bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers. Sports betting; adjusted gross revenue. Reduces the exclusion from a sports betting permit holder's adjusted gross revenue, on which it is taxed, all cash and the cash value of merchandise paid out as winnings to bettors, and the value of all bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers, by eliminating such exclusion for the first 12 months of sports betting activity for a permit holder, and subsequently limiting such exclusion to no more than 1.75 percent of the total amount of all sports betting wagers placed with that permit holder each month after the first 12 months of sports betting activity for a permit holder. Under current law, pursuant to the 2022 Special Session I appropriation act, after the first 12 months of sports betting activity, a permit holder is prohibited from excluding from adjusted gross revenue any bonuses or promotions provided to bettors as an incentive to place or as a result of their having placed Internet sports betting wagers.

Sports betting; adjusted gross revenue, definitions.

Sen. Jeremy McPike [D]

2023-02-13 - House - House: Tabled in Appropriations (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-09 - House - House: Reported from General Laws with substitute (16-Y 6-N) (Y: 16 N: 6 NV: 0 Abs: 0) [PASS]
2023-02-03 - Senate - Senate: Read third time and passed Senate (31-Y 7-N 1-A) (Y: 31 N: 7 NV: 1 Abs: 1) [PASS]
2023-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-31 - Senate - Senate: Reported from Finance and Appropriations with substitute (11-Y 4-N) (Y: 11 N: 4 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-02-13	House	Tabled in Appropriations (21-Y 0-N)
2023-02-10	House	Assigned App. sub: General Government and Capital Outlay
2023-02-09	House	Committee substitute printed 23106542D-H1
2023-02-09	House	Referred to Committee on Appropriations
2023-02-09	House	Reported from General Laws with substitute (16-Y 6-N)
2023-02-08	House	Referred to Committee on General Laws
2023-02-08	House	Read first time
2023-02-08	House	Placed on Calendar
2023-02-03	Senate	Read third time and passed Senate (31-Y 7-N 1-A)
2023-02-02	Senate	Engrossed by Senate - committee substitute SB1142S1
2023-02-02	Senate	Committee substitute agreed to 23105663D-S1
2023-02-02	Senate	Reading of substitute waived
2023-02-02	Senate	Read second time
2023-02-01	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-01-31	Senate	Committee substitute printed 23105663D-S1
2023-01-31	Senate	Reported from Finance and Appropriations with substitute (11-Y 4-N)
2023-01-10	Senate	Referred to Committee on Finance and Appropriations
2023-01-10	Senate	Prefiled and ordered printed; offered 01/11/23 23101704D

Chapter	Article	Section	Citation Type	Statute Text
58	1	4030	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1142
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1142+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1142S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1142H1+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23105663D.pdf
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23106542D.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1142FH1122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0112+SB1142
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0193SB1142+SB1142
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0230SB1142+SB1142
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H11V0140+SB1142
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0190+SB1142