™Your Policy Risk Impact Agent
46 chapters · 1,643 sections in this title.
Va. Code Ann. § 58.1-4037 Tax on adjusted gross revenue
0.9K chars
A. There shall be imposed a tax of 15 percent on a permit holder's adjusted gross revenue. B. The tax imposed pursuant to this section is due monthly to the Department, and the permit holder shall remit it on or before the twentieth day of the next succeeding calendar month. If t…
Va. Code Ann. § 58.1-4038 Distribution of tax revenue
0.3K chars
A. The Department shall allocate 2.5 percent of the tax revenue collected pursuant to § 58.1-4037 to the Problem Gambling Treatment and Support Fund established pursuant to § 37.2-314.2. B. The Department shall allocate the remaining 97.5 percent of the tax revenue collected purs…
Va. Code Ann. § 58.1-4039 Events on which betting is prohibited; penalty
2.2K chars
A. 1. No person shall place or accept a bet on youth sports. 2. No person shall place or accept a proposition bet on college sports. 3. No person shall place or accept a bet on Virginia college sports. B. 1. A sports governing body may notify the Department that it desires to res…
Va. Code Ann. § 58.1-4040 Underage betting prohibited; penalty
0.3K chars
A. No person shall knowingly accept or redeem a sports bet by, or knowingly offer to accept or redeem a sports bet on behalf of, a person under the age of 21 years. B. Any person convicted of violating this section is guilty of a Class 1 misdemeanor.